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GBP/USD Signal - USD GDP Data - 28 Oct 2021

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Signal Details
Entry Price: 
1.3726
Take Profit: 
1.3640
Stop Loss: 
1.3780
Direction: 
Buy
How we trade
Average: 5 (1 vote)

GBPUSD has broken the support trendline and is breaking below structure. This is a hedge of our currently open buy trade, however later today the USD Gross Domestic Product will be release, which will potentially spur volatility. If price moves to the downside we are targeting the 61.8% extension at 1.36400.

Submitted by Toni H. on Thu, 28 Oct 2021 00:43:41 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

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