British Pound / U.S. Dollar
Long
Updated

GBPUSD Like to test 1.26800 again and again !!

42
GBPUSD has been rejected at the 1.26800 resistance level four times. Traders may consider a buy order on a pullback to the 61.8% Fibonacci retracement level. A stop-loss order can be placed at 1.26200, below the previous price cluster. The stop-loss is approximately 17 pips away from the entry point, and the target is 40 pips, offering a risk-reward ratio greater than 2:1.
Trade active
Close 50% of the current position and implement a trailing stop for the remaining 50% to protected loss of position. The target price remains at 1.26800."

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.