Home About the company Daily reviews GBP/USD Trading Analysis (10/06/2024)

GBP/USD Trading Analysis (10/06/2024)

The overall trend is ascending. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.

GBP/USD chart as of 10/06/2023

Trading idea:

  • Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the descending truncated structure.
  • Stop-Loss at 1.2709.
  • Target price levels at 1.2767 and 1.2808.

#gbpusd #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC
Back to all reviews Back

Subscribe to market analysis

Thank you for subscribing to our analytics

Review topic

All Fundamental reviews Market news Premarkets Technical reviews
Log in Registration

Don't have your language?