empty
 
 
28.02.2020 12:54 PM
Trading plan for GBP/USD for February 28, 2020

This image is no longer relevant

Technical outlook:

GBPUSD is seen to be trading around 1.2900 levels at this point in writing and might be looking to drop towards 1.2550/1.2750 levels before turning higher again. Also please note that the single currency pair might have already formed a bottom around 1.2850 last week and it could resume rally from here. Looking into the price action, GBP/USD has only retraced 38% of its previous rally between 1.1950 and 1.3515 levels respectively. A drop towards 50% retracement at 1.2750 or even lower towards 1.2550 would be extremely encouraging for bulls to resume its next rally. Besides note that 1.2550 is a convergence of fibonacci 0.618 retracement, past resistance which turned into future support and fibonacci 0.618 extension of the corrective drop. A bullish bounce from there should be bought with a stop below 1.2950 and potential targets remain through 1.4200/1.4500 levels going forward.

Trading plan:

Buy @ 1.2550/1.2750 levels, stop @ 1.1950, target is 1.4200/1.4500.

Good luck!

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $9000 lebih banyak!
    Pada Mei kami mengundi $9000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback