@: 1.40370
S/L: 1.39870 (-50.00 PIPS)
T/P: 1.42370 (+200 PIPS)
Risk/Reward: 4 - 1
Trade Rating: 7/10 (Good)
• As market has moved slowly we technically have a confirmation for potential upside movements for this pair. As price seems that it's on its way to reach 1.42500 Weekly Resistance. Which also aligns with our Fibonacci Extension area.
• Price overall trend is a -Bullish- trend. It seemed to make a Higher Low once price couldn't break 1.4000 Monthly Resistance.
• We do have some high impact news coming out for the GBP tomorrow at 12:45 PM CST. It's expected to be good for the Pound (More hawkish then expected); which increases the possibility of it impulsing this to it's expected target and maybe even higher.
• This is NOT a signal. This post is meant for educational purposes ONLY. Please use this as a reference to your OWN analysis. Any trader who is found using these trade ideas as signals will be banned from The Forex Club. Do NOT place this trade if it DOES NOT follow your requirements to enter. This trade idea does NOT mean I am in this trade. As I've posted Trade Ideas before for pairs that I am not going to be trading. I use this to help YOU GUYS get a better educational value of the Markets.
S/L: 1.39870 (-50.00 PIPS)
T/P: 1.42370 (+200 PIPS)
Risk/Reward: 4 - 1
Trade Rating: 7/10 (Good)
• As market has moved slowly we technically have a confirmation for potential upside movements for this pair. As price seems that it's on its way to reach 1.42500 Weekly Resistance. Which also aligns with our Fibonacci Extension area.
• Price overall trend is a -Bullish- trend. It seemed to make a Higher Low once price couldn't break 1.4000 Monthly Resistance.
• We do have some high impact news coming out for the GBP tomorrow at 12:45 PM CST. It's expected to be good for the Pound (More hawkish then expected); which increases the possibility of it impulsing this to it's expected target and maybe even higher.
• This is NOT a signal. This post is meant for educational purposes ONLY. Please use this as a reference to your OWN analysis. Any trader who is found using these trade ideas as signals will be banned from The Forex Club. Do NOT place this trade if it DOES NOT follow your requirements to enter. This trade idea does NOT mean I am in this trade. As I've posted Trade Ideas before for pairs that I am not going to be trading. I use this to help YOU GUYS get a better educational value of the Markets.