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GBPUSD: Trying to recover 200 pips Gap | January 16, 2017

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GBPUSD stated this week with around 200 pips gap. Now this pair is trying to recover this gap. We can look for buy from low level and sell from high level. Let's discuss about trade setup.

Buy setup

✓New low made at 1.1986 level.

✓This level can be buy level for short time.

✓Place buy entry above 1.1986 and set SL below this level

Sell setup

✓If it breaks 1.1986 level, then we can sell on this.

✓Sl will be 30-40 pips

✓1.2200 level is another sell level for this pair.

✓If you find this pair around 1.22 level, then sell on this pair with 40 pips SL

TP: For every trade, TP will be 30-100 pips.

✓If you get 30 pips, then close 50% position of your trade.

✓Then move SL at entry point

Read more GBPUSD Free Signal and previous closed orders

Read more GBPUSD previous chart analysis

Read more All pairs chart analysis at a glance

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