GBPUSD analysis 06/02/2023:
– Similar to Gold, GU had a strong crash of more than 300 pips when it touched a large resistance zone. The W1 timeframe gave a very good reversal signal that the downtrend is still in place.
– From Blackmantrader’s point of view, after this strong collapse GU will recover today, we can enter a Buy order at the moment Blackman posts (08:45) to eat the rebound.
– The market will still recover in the first 1 or 2 days of the week until GU approaches around 1.215. Here GU will reverse downwards, continuing the trend of the Weekly frame.
Command reference:
Buy now ( 08h45m)
SL 1.202
TP1: 1.207
TP2: 1.210
I WISH YOU ALL 1 SUCCESSFUL TRADING DAY
