MA Bullish Cross Over | 21 August 2018
21 August 2018, GBP/USD
Technical Observation
Last trading day, the slow Moving Average(152), went above the fast moving Average and is still above it. While the price is above the three Simple Moving Averages, this pair is overall in an up trend, I expect a possible surge towards the 4 hour resistance line 1.2959. If you're not already in any position by now, you can still look for along position now, or place a pending buy limit order at 1.2785. As it is, olny buy positions looks more ideal and can be advised, but should the price break below 1.26, then I will consider a short position.
Trade Signal.
Buy GBP towards 1.2959
101% Double the volume
!Attention!
All bonus participates in drawdown!
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
