The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.2755, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2680
2nd Support – 1.2637
Stop-Loss: To manage risk, place a stop-loss order above 1.2785. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.2755, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2680
2nd Support – 1.2637
Stop-Loss: To manage risk, place a stop-loss order above 1.2785. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Trade active
Today High Impact News :USD - Nonfarm Payrolls
USD - Unemployment Rate
Note
My sl - 1.2800Trade closed: stop reached
Mixed News from USD, today Price moved Double side.. 🤦🏻♂️🤦🏻♂️ Next Week We update more Chart & Profit 💰💰
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👉👉 Join My Free Telegram Channel :
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📞📞Telegram me @t.me/kabhidhan
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📞📞Telegram me @t.me/kabhidhan
Related publications
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.