Get started
CollegeofPips

GBP/USD Potential Downward Movement

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
CollegeofPips  
OANDA:GBPUSD   British Pound / U.S. Dollar
Pivot Points Supply and Demand Support and Resistance Forex Technical Analysis topdownanaylisis priceaction Fibonacci Retracement fakebreakout
33
11
pivotpoints supplyanddemand supportandresistance forex technicalanalysis topdownanaylisis priceaction fibonacciretracement fakebreakout
💡 Trade Idea

📉 Sell Stop GBP/USD @ 1.3305

🎯 Target Profit 1.3148

🛑 Stop Loss 1.3383

❌ Do not risk more than 1% of your account on each trade

🙂 Good Luck!

The price failed to break and close above the 1.3398 level. Our expectation is a potential reversal by breaking the blue trendline and then higher correction towards the highlighted white zone, and from this level a move to the 1.3148 mark.

Related Ideas

CollegeofPips
BTC/USD Potential Downward Movement
CollegeofPips
EUR/AUD Potential Upward Movement
CollegeofPips
Potential Move Upward for CAD/JPY
CollegeofPips
AUD/JPY Potential Move Upward
CollegeofPips
CHF/JPY Potential Move Upward
CollegeofPips
BTC is On His Way to Reach 19150 Mark
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.