DLavrov

GBPUSD Possible Entry Levels

FX:GBPUSD   영국 파운드/미국 달러
Price is at the strong resistance level 1.3000 where we must think about possible entry levels and trade direction. If we look at the indicators, we'll see that they give different signals. DMI and MACD histogram confirm up movement. MACD lines give bearish signal and RSI is going to confirm price reversal from the resistance level. In such way we can place buy and sell pending orders. Buy-stop orders should be above 1.3060 with stop orders below 1.3000 level and MA20. Profit target can be at 1.3400 level. Sell-stop orders should be placed below 1.2830 level with stop orders above the resistance level. Profit target for short trades can be at MA50 and MA100 lines.

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