Multiple confluences showing signs that GBPUSD might sell off from here.
Multiple profit taking levels shown along the way using intraday support/resistance zones. My stop loss is placed above todays wick rejections and price resistance levels.
Multiple profit taking levels shown along the way using intraday support/resistance zones. My stop loss is placed above todays wick rejections and price resistance levels.
Trade active
Note
Nice 90 pip drop on this one but unfortunately price reversed. I personally removed the risk from this trade when it had dropped 50 pips so no capital loss. However I do believe cable will still fall from these levels.
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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.