GBPUSD buy trade idea 28 07 2021
BUY GBPUSD 1.3890
SL: 1.3860
TP1: 1.3910
TP2: 1.3930
TP3: 1.3950
Signal Analysis by LCMS Traders
Currency Pair: GBPUSD
BUY GBPUSD 1.3890
Timeframe: H1
Step 1 - Previous News: GBP: -, USD: Conference Board Consumer Confidence increase in sentiment
Step 2 - Trend: Up, Trend Following
Step 3 - Support/Resistance: Breaking Through Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both down, fast turning
- Stochastic: H4 coming out from over bought
- PSAR: bullish
Step 5 - Upcoming News: GBP: -, USD: FOMC Statement & Funds Rate 0200hrs, Press Conference 0230hrs
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