GBPUSD – Buyers following trend

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GBPUSD – Buyers following trend

Trend: Buy/ Neutral

Support/Resistance:
R3: 1.39614
R2: 1.37164
R1: 1.35204
S1: 1.33635
S2: 1.32067

Price action:
As we compare other GBP pairs, we can see that we are getting closer to sellers, but momentum is buyers in trending way. So buyers might be enough confidant to hit next targets following this analysis.

Potencial trade idea:
Bulls targets:
T1: 1.35204
T2: 1.37164
T3: 1.39614

Bears targets:
T1: 1.32067

NOTE – We are trading GBPUSD via the preferred trading setups

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Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.


Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education

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