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Intraday forecastBritish Pound vs. US Dollar technical chart
SymbolGBPUSD
Release TimeMon, 04/15/2019 - 21:18
Advisesell (limit) below R1=1.312
Intraday
Short term
Yesterday range49
Yesterday high1.3118
Yesterday low1.3069
Yesterday close1.31
R31.322
R21.3135
R11.312
S11.3065
S21.305
S31.2985
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.312.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.3065.
TP4: S2=1.305.
Set the stoploss of these orders at breakout of R2=1.3135.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.3135.
In this situation, there is an expectation to reach the target R3=1.322.
Set the stoploss of reverse orders at breakout of R1=1.312.

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Release Time Symbol Intraday R S
Wed, Apr 17 2019, 20:18 GBPUSD Subscribe! Subscribers Only Subscribers Only
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