Welcome to our GBPUSD AI Prediction and today is teh 30th of October 2024. We at Bro In Finance are here to guide our followers to success with top to bottom analysing using Machine Learning technology. Bear in mind that these predictions are generated and given to you for absolutely free at no extra cost. We are here to build a community of trusted traders, an Army of TRADER BROS you may call
So first lets analyse the GBPUSD chart,
So yesterday, the order didnt hit the SL but still as we have advised it is wise to have closed the trade before the day ended. And now once again just as we assessed the price is coming down to the support level after touching the resistence level levels that we drew. These ranges are still valid. So with that mind set lets get to our AI prediction next.
AI Prediction
The value generated for us by Bro In Finance’s model today is 1.29995. Our model analyse historical data, historical trends, market data and price movements to provide a better prediction with higher accuracy.
The model suggests a Buy trade. So a buy trade for today is exactly what we wanted because the price is already at a really good support level that we have marked. So lets move straight to the Trade Setup.
Trade Setup
- Type – Buy
- Entry – 1.29602
- Take Profit – 1.29977
- Stop Loss – 1.29313
This Buy trading setup aims to get in the trade at 1.29602 and exit at 1.29977 as TP with 37.5 pips and 1.29313 as SL with 28.9 pips, while having a 1:1.3 risk to ratio. Yes, we did enter from the support level that wwe drew yesterday.
Important
- This trading setup is only valid for 30th of October 2024. And it is advised to close the trade by the end of the day is either the Take Profit or the Stop Loss is not hit.
- Its always better to have the 15 mins chart and the 1 hr charts opened to get insights due to its clarity on how the price actually move. While the 15 mins chart shows you the changes in a shorter period, the 1 hr chart captures the overal movement. We do not recommend trading on anything less than 15 mins chart because it can sway you in your judgements with sudden price movements. And same thing goes to anything larger than 1 hr chart because we are aiming to hit day trades.
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Disclaimer: Forex trading carries significant risk and may not be suitable for all investors. This analysis, based on Bro In Finance’s proprietary data, is provided for informational purposes and should not be considered investment advice.
