GBPUSD short swing into profits
Updated
Having multiple retests in the 1.2900 zone, we expect to see a drop in the short/medium-term direction.
We've set the sell stop order at the low of the latest candlestick retest.
Our first target will be near 1.2840 to adjust our stop loss to break-even. The second target will be near the long-term ascending trend line.
And least but not least the stop has been set just above the resistance zone.
Happy banking!
We've set the sell stop order at the low of the latest candlestick retest.
Our first target will be near 1.2840 to adjust our stop loss to break-even. The second target will be near the long-term ascending trend line.
And least but not least the stop has been set just above the resistance zone.
Happy banking!
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.