Welcome to our GBPUSD AI Prediction and today is the 31th 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,
We have drawn two zones as usual to mark our supply and demand zone because thats the most basic thing to do for every trader no matter how well experienced you are. And we can see clearly this movement is buidling up for a sell order if the price did respect our supply zone once again. So now lets move to our prediction and decide.
AI Prediction
The value generated for us by Bro In Finance’s model today is 1.29630. Our model analyse historical data, historical trends, market data and price movements to provide a better prediction with higher accuracy.
The model suggests a Sell trade. So a sell trade for today is exactly what we wanted because the price is already at a really good level. So lets move straight to the Trade Setup.
Trade Setup
- Type – Sell
- Entry – 1.29971
- Take Profit – 1.29645
- Stop Loss – 1.30298
This Sell trading setup aims to get in the trade at 1.29971 and exit at 1.29645 as TP with 32.6 pips and 1.30298 as SL with 32.7 pips, while having a 1:1 risk to ratio.
Important
- This trading setup is only valid for 31th 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.
