GBPUSD analysis 07/02/2023

– Yesterday, if anyone followed Blackmantrader’s Buy order at the beginning of the day, congratulations on achieving TP1. D1 closed the candlestick down at 1.202, however, we can see that both ends are withdrawn antennae and the body of the candlestick is small => shows that the market is hesitating, but the trend is still tilted to sell.

– For GU today, Blackmantrader will continue to follow the trend of selling. However, we should note that the circular area is 1,200 (usually the circular areas will be difficult to break).

Command reference:

Sell 1.206 (when there is a reversal signal)

SL 1.208

TP 1,202

– The big trend of GU is still an uptrend and is also close to the recovery zone of the bullish wave so we will buy more below.

Buy 1.195 -1.197 (when there is a reversal signal in the M30 or H1 frame)
SL 1.191
TP1: 1.205
TP2: 1.210

WISH YOU 1 SUCCESSFUL TRADING DAY

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