BuyGBPUSD Entry: 1.4770 Target: 1.5000 Stop: Forex trading techniques can be quite helpful.
The British Pound ahead of the Brexit referendum on British exit from the European Union only became more expensive. For all currency pairs on the Forex market, which are crosses with the Pound, the rise of the British currency. . The attention of all traders and investors are now focused to the future results of the referendum. On exchange rates can seriously affect the result of the referendum, will be increased volatility and increased margin requirements for all Forex brokers. How will the British currency is not known to anyone, but judging by the growth on the charts, we can assume that traders are quite optimistic. Therefore, if the pair get out of range and will be able to overcome the resistance level 1.4770, we open a long position and will remain there until a strong resistance level 1.5000
The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.
If the resistance level is broken you can use the following recommendation:
• Chart timeframe: H4
• The trade recommendation: Buy
• The level of entry into long position: 1.4770
• The level of profit and close the position: 1.5000 (130 pips)
Actionable trading levels delivered LIVE to YOUR charts
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