GBPUSD Analysis 10/02/2022

  • Despite the right trend, GU has risen stronger than our Sell waiting zone of 1,215 (up to 1,219). Currently, D1 closes the bullish candlestick but withdraws very long legs, more than the body of the candlestick, giving us a signal that the Sell side is very strong at this price zone.
  • Today, we wait for the market to slightly rebound to the upper resistance on the H1 timeframe so that we can sell with a short target of 1.206, the reason today is the weekend of W1 candlestick close, so we also need to be careful that the market will fluctuate sharply.

Command reference:

Sell 1.213 (When there is a reversal signal)
SL 1.218
TP: 1,206

WISH YOU 1 SUCCESSFUL TRADING DAY

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