A strong bullish momentum went through the pound yesterday, from which long positions can be opened after a pullback.
In fact, a three-wave pattern has already formed on the daily chart, with which wave A is the strong bullish impulse recorded yesterday.
If long positions are opened along the 50% retracement zone, profit will be 2: 1, especially if the quote reaches the first target, which is 1.31. Stopping at the level of 1.29, on the other hand, will increase the risk.
The main target of this bullish strategy is the round level of 1.35.
The material has been provided by InstaForex Company – www.instaforex.com
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.