Mid Term GBPUSD Trading Signal
In our last Forex Signal, Free GBPUSD Trading Signal , we suggested that sellers to sell GBPUSD down to 1.5820. GBPUSD went down as low as 1.5771.
For this week and coming few weeks our concern is Fed of USA. The Federal Reserve will be among the last major central banks to raise interest rates, putting a recovery of the dollar at risk. The GBPUSD is heading south and next target would be at 1.5413 / 1.5300 / 1.3503 zone.
The suggested SELL of GBPUSD for next few weeks will be as follows:
GBPUSD Short Position
Short Position at: 1.6000
Stop Loss at: 1.6100
Take Profit at: 1.5678 / 1.5545 / 1.5413 / 1.5148
OP, SL & TP at YOUR OWN RISKS
Forex Trading is a very risky trade and if you decide to trade, kindly note that you trade at your own risks. You Open Position, Take Profit and put a Stop Loss at Your Own Risks. We hold no responsibility for any losses or damages incurred.
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hi there i was just surfing the web looking for ways and information on making money on trading in shares and forex is the best thing i ever found, many thanks.
Just to remind you. Before you start trading with actual money, you must practice your strategies with Demo Account using virtual money.