Pending buy limit order | 11 December 2017

11 December 2017, GBP/USD

Pending buy limit order
Technical Observation:
On the monthly chart above. Last month's candle was a perfect bullish continuation candle and indicates the possibility of price rising even higher during this month and also in the coming months. In the meantime, I'm waiting for pullback towards 1.3272 where I'll be looking for a clear buy position with my take profit at 1.4268. Again the anticipated buy position is very good for position traders. If you're not long already, wait for this pullback and buy Gbp within 1.3302-1.3272, with your stop loss below 1.3215
Technical Levels
Resistance levels
R1: 1.3407
R2: 1.3466
R3: 1.3655
Pivot
1.3356
Support Levels
S1: 1.2963
S2: 1.3156
S3: 1.3212
Trade Signal
Place a pending buy limit order within 1.3302-1.3272 with you stop loss below 1.3215 and take profit at 1.4268

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Imelda Maseno
Analyst of «FreshForex» company
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