Dear traders, in my last GBP/USD idea, I gave you a signal to sell GBP/USD@1.2570
(previous idea is pasted below for your reference). If you followed my signal then you
have certainly earned 280 pips worth of profit.
Currently, I believe GBP/USD will continue the downtrend for another 100-120 pips.
However, I will not enter into any fresh sell trades as of now. I will be waiting to
see the price action in the 1.2160 area.
If bullish price action is found in the support level that I have highlighted in my chart,
I would recommend buying GBPUSD@1.2160 with SL below 1.21 and TP at 1.25
(previous idea is pasted below for your reference). If you followed my signal then you
have certainly earned 280 pips worth of profit.
Currently, I believe GBP/USD will continue the downtrend for another 100-120 pips.
However, I will not enter into any fresh sell trades as of now. I will be waiting to
see the price action in the 1.2160 area.
If bullish price action is found in the support level that I have highlighted in my chart,
I would recommend buying GBPUSD@1.2160 with SL below 1.21 and TP at 1.25
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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.
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.