GBPUSD will the key support 1.53 hold?
Dear traders,
it's only a 4H chart (U know I love daily charts!) but it is showing a sort of rebound at 1.53000.
The triple 000 can be a perfect support for the GBP to start a leg up.
I am not sure but if you like great R/R ratio, that is one you can try: BUY GBPUSD with a STOP LOSS if a daily candle closes below 1.53
Take profit at 1.5425 and move half of the remaining position at break even.
Cheers
R
it's only a 4H chart (U know I love daily charts!) but it is showing a sort of rebound at 1.53000.
The triple 000 can be a perfect support for the GBP to start a leg up.
I am not sure but if you like great R/R ratio, that is one you can try: BUY GBPUSD with a STOP LOSS if a daily candle closes below 1.53
Take profit at 1.5425 and move half of the remaining position at break even.
Cheers
R