Sell GBP/USD Channel Breakout
Updated
The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel 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 1.2675, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2635
2nd Support – 1.2610
Stop-Loss: To manage risk, place a stop-loss order above 1.2703. 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 1.2675, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2635
2nd Support – 1.2610
Stop-Loss: To manage risk, place a stop-loss order above 1.2703. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Trade active
Note
In Good Profit
Note
Our 1st Target reached
Trade active
with Good ProfitTrade closed: target reached
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