18 February 2021, GBP/USD
Technical observation
On the hourly chart above, price retraced to a supportive zone 1.3853-1.3845 but could not break below it. However, it bounced within the zone and is currently trading with an increasing bullish bias. I expect this upwards movement to continue to the resistance line 1.3949 followed by either a clear breakout above it with a big green candle, or, a bounce at it followed by another correction to the zone mentioned above. My advice, if you bought GBP within the zone 1.3853-1.3845 after a bounce, remain long with your take profit at 1.3949 and stop loss at 1.3803. I can only recommend bearish position below 1.3853-1.3845.
Trade recommendation
Remain long with your take profit at 1.3949.
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.
en 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 