Interesting setup on GBPUSD. Yes, it’s Friday, but I think there’s still a trade here.
We got a good volume spike on the buy side, which gives us a fairly tight stop below the low of that volume zone.
Right now GBPUSD is trying to get through the blue daily diagonal. I want to see price hold above it first. If it does, the next level is the turquoise weekly resistance.
From there, I’m looking for a move higher toward the upper level around 1.3390.
I think the buy volume that came in here could be enough for another 50–60 pips higher despite it being Friday.
Tools I’m using on this chart: Magic Diagonals and Volume Spike Levels — both are available in my profile.
We got a good volume spike on the buy side, which gives us a fairly tight stop below the low of that volume zone.
Right now GBPUSD is trying to get through the blue daily diagonal. I want to see price hold above it first. If it does, the next level is the turquoise weekly resistance.
From there, I’m looking for a move higher toward the upper level around 1.3390.
I think the buy volume that came in here could be enough for another 50–60 pips higher despite it being Friday.
Tools I’m using on this chart: Magic Diagonals and Volume Spike Levels — both are available in my profile.
İşlem elle kapatılmış
volume worked out, price reached first resistance and I prefer to close the trade here
Indicators, updates & setups: t.me/magicdiagonals
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Indicators, updates & setups: t.me/magicdiagonals
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.