Remain flat | 23 Febrero 2021

23 Febrero 2021, GBP/USD

Remain flat

Technical observation

GBP rose and penetrated above a resistance line 1.3981 with a big green candle and is currently trading above the same line with an increasing bullish momentum. However, I expect a loss of this upwards movement followed by a correction to the line mentioned above. My advice, remain flat and wait for a correction to the line 1.3981 and a bounce at it to buy GBP with your take profit at 1.4405 and stop loss at 1.3737. In case price is not contained above the line 1.3981 and it penetrates below it with a big red candle, wait for a correction to the just broken line and a bounce at it before you short GBP towards 1.3386.

Trade recommendation

Remain flat.

One of the highest demand products in FreshForex is invest-portfolios. Invest-portfolio is an optimal tool for both beginners and experienced traders due to its high efficiency and low work efforts.

This is the fifth portfolio developed by FreshForex specialists. In 2020, we proposed traders four investment portfolios, each of which demonstrated positive results. The total return was 71.5%.

2 steps to get the Invest-portfolio:

1. Fund your trading account with $50 or more from February 1 to 26, 2021.2. Send a request to school@freshforex.com with your account number funded.

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.