GBPUSD analysis 06/02/2023

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

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