Based on daily charts, the price can fall further down to area 1.24800 as demand or buying zone.
We need to wait to close daily candle in area zones 1.24800 and 1.25000 area. If a daily candle is closed in this area, we can buy it.
Entry points 1.24900
Stop loss 1.24250
TP1 1.26760
TP2 1.27800
We need to wait to close daily candle in area zones 1.24800 and 1.25000 area. If a daily candle is closed in this area, we can buy it.
Entry points 1.24900
Stop loss 1.24250
TP1 1.26760
TP2 1.27800
Comment:
I am entering in trade 1.25250.
Comment:
Fundamental analysis that could affect the price movements are the following
Friday
GDP for pound
Consumer Sentiment for the US dollar.
Friday
GDP for pound
Consumer Sentiment for the US dollar.
Trade closed: stop reached:
Hit stop loss