GBPUSD Short R/R: 1:4 Feel free to share your opinions in the comment!
GBPUSD Short R/R: 1:3 Feel free to share your opinions in the comment!
GBPUSD market is a sell trade opportunity At the 1:3 RIsk And Reward ratio
On the daily chart, we can see a perfect head and shoulders. We can see a bearish trend on intraday charts for 2-3 days. The price will touch the 200 MA, near the closest support line.
GBPUSD Long R/R: 1:3 My Demand Zone correct or not? Feel free to share your opinions in the comment!
We are on 4H OB, Expecting drops in London close/NY Open.
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If you find third touch to the upper trend line then that is a good opportunity to open a short position again
Sell with SL of1.41850 for target of 1.40200
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.416). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPUSD is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as...
Entry at: 1.39141 Stop-loss: 1.39261 (12 pips) Take-profit: 1.38961 (18 pips) Risk-Reward: 1:5 TAKE ONLY 2% RISK OF YOUR CAPITAL
Sell Signal for GBP/USD (May 7, 2021)
Pound against dollar looked bullish last week, but it closed below the resistance at the end of the week around 1.38500 , expecting it to go bearish this week, else if it shows strength , can expect a breakout trade and may price go towards 1.40 price area..
You want to wait for the confirmation after breakout buy or sell
Pair has made a bearish sequence of 1-2 ...and we are looking for a aggressive downside third wave movement. Sell on rise with SL of 1.38340 for a target area of 1.34900.
This pair get rejected from the supply zone with high bearish volume so we can expect the downside movement untill the mark line within next month. So trade according to the proper risk management and enjoy the profit.