Trade Recommendation: GBPUSD

The market moves in the borders of the horizontal price channel. Now we have a price reversal from the bottom level of the price channel. RSI confirms price reversal in the oversold zone. MACD histogram supports upward movement. Entry level is above 1.31000 with stop orders at 1.30350 level. Profit targets are 1.32000 and 1.33000 levels. Don’t risk more than 3% from your deposit in this trade.

Market: GBPUSD
Buy: 1.31100
Stop: 1.30350
Profit Targets: 1.32000 and 1.33000

Author:
Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.