PITCHFORK - Forex GBPUSD Weekly Analysis Feb 19th - 23rd , 2018
SELL GBPUSD
Area: Pitchfork Upper Line
Channel Pitchfork - Descending
Entry: 1.40160 - Upper Line
Target Profit: 1.37900 - Median Line
Next Target Profit: 1.35300 - Lower Line
Stop Loss: 106.600
Reward Potential: 486 pips
Risk: 144 pips
Reason:
1. Price are moving in downtrend pitchfork channel
2. US Dollar also have made rebounce on weekly lower line pitchfork . Expecting strong US Dollar and demand in the coming weeks.
Area: Pitchfork Upper Line
Channel Pitchfork - Descending
Entry: 1.40160 - Upper Line
Target Profit: 1.37900 - Median Line
Next Target Profit: 1.35300 - Lower Line
Stop Loss: 106.600
Reward Potential: 486 pips
Risk: 144 pips
Reason:
1. Price are moving in downtrend pitchfork channel
2. US Dollar also have made rebounce on weekly lower line pitchfork . Expecting strong US Dollar and demand in the coming weeks.
Transakcja zakończona: osiągnięto poziom stop