empty
 
 
07.04.2020 08:18 AM
Trading idea for GBP/USD

This image is no longer relevant

Good day dear traders! I present to your attention, a trading idea for the GBP/USD pair.

As you can see on the chart below, there was a "false breakdown" of the lows of Thursday and Friday yesterday.

This image is no longer relevant

Therefore, today, in order to increase the price of the pair, I recommend holding a position on the breakdown of the previous week's peaks, as well as fixing profits in the area of 1.25.

The risk / profit ratio can reach 1/5.

Good luck in trading and control your risks.

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback