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Intraday forecastBritish Pound / US Dollar technical chart
SymbolGBPUSD
Release TimeEylül 19, 2019 - 20:32
Advisebuy (limit) above S1=1.251
Intraday
Short term
Yesterday range73
Yesterday high1.2511
Yesterday low1.2439
Yesterday close1.2469
R31.266
R21.259
R11.256
S11.251
S21.25
S31.2415
Trade setup

As we forecast Yükseliş trend for this day, so Forecast City suggests buy (limit) above S1=1.251.
As short term forecast is Yükseliş trend too, so there is an expectation to reach the following targets:
TP1: R1=1.256.
TP2: R2=1.259.
TP3: R3=1.266.
TP4:
To follow the trend, set an order without takeprofit (free trade) and while short term forecast remains unchanged, keep it open.
Set the stoploss of these orders at breakout of S2=1.25.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.25.
In this situation, there is an expectation to reach the target S3=1.2415.
Set the stoploss of reverse orders at breakout of S1=1.251.

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