GBP/USD Forex Analysis and Forex Signal

GBPUSD MTF Analysis

  • I came across this setup when looking at the currency strength indicator. GBP displayed a 6.0 and USD displayed around 1.9 strength
  • This indicates to go long on the GBPUSD when basing off of currency strength
  • I loaded up MTF for GBPUSD
  • The 1hr, 4hr, D1 and W1
  • All show Stochastics around the mid zone
  • All show correlating Supply and Demand Zones
  • All show corresponding consolidation periods

So, here is our plan! See pending orders and target zones at the bottom of the post

password is slicktrade
GBPUSD H1 Chart
GBPUSD H4 Chart
GBPUSD D1 Chart
GBPUSD W1 Chart

Pending Orders

  • If you are a shorter-term trader then here are some solid entries for you:
  • Long Entry: 1.24266
  • Short Entry – 1.22286
  • For longer term traders:
  • Long Entry: 1.24917
  • Short Entry: 1.21538
  • Long Target Range: 1.258725 – 1.28213
  • Short Target Range: 1.207075 – 1.19281
  • Trail stop for maximum profit!

Cheers to another successful week!

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