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Wednesday, October 29

GBP/USD LONG TRADE - 65 PIPS!

In the below post, you can see I took GBP/USD trade.

Using simple technical analysis, we can see support level of 1.7916.

Then, breakout level occurred at 1.7975 level.

As Moving Average crossed on each other too, this is considered as a signal to buy.



We can see the price then shot up to a higher level, with 1.8041 as the new resistance level.

It's a pretty good trade, handing 65 pips profit!

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