GBPUSD buy trade 14/05/2021
BUY GBPUSD 1.4060
SL: 1.4030
TP1: 1.4080
TP2: 1.4100
TP3: 1.4120
Signal Analysis by LCMS Traders
Currency Pair: GBPUSD
BUY GBPUSD 1.4060
Timeframe: H1
Step 1 - Previous News: GBP: BOE Gov Bailey said central bank’s forecasts were to hold, higher inflation is unlikely going to persist, USD: Unemployment Claims continued decline
Step 2 - Trend: Up to Across, Trend Following
Step 3 - Support/Resistance: Moving Towards Resistance
Step 4 - Indicators
- Bollinger Bands: touch
- MACD: both up
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: GBP: -, USD: Retail Sales 2030hrs
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