GBPUSD neutral

GBPUSD: waiting for the signal’s confirmation of the Doji star

09 march 2022 98
Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
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On 24 February, according to the US real estate market, trading pullbacks has delivered benefits.

 

The indicators of New Home Sales and New Home Sales (MoM) have decreased which implied growth of the GBPUSD currency pair.



There was a downward pullback by more than 0.3%. The BuyLimit order operated within an hour after the data publication and closed on Take Profit within 45 minutes after a buy of the GBPUSD currency pair. The profit of 0.3% minus the spread.

 

* The chart shows the time of GMT+ 2. The publication time of the indicator is 18:00 (Moscow time), that is GMT+3.

 



What's next?


The Doji star at the support of 1.31 suggests a resumption of growth to the level of 1.32 or higher.

It is better however to wait for confirmation of the trend change to open long positions.

This will happen if the pair closes above 1.31050 - 1.311 today.

Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segments "Indices", "US stocks" and "Metals"
2nd in the segment "Currencies"
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