GBPUSD TRADE STRATEGY
Updated
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GBPUSD is trading at 1.3650 level at the moment the pair is holding the lower trend line of the channel and we waiting for confirmation on H4 & Daily if we get confirmation than in near term we can see drop of GBPUSD to level initially 1.3580 expect 35-40 pips bounce from that level to the lower trend line of channel and positive closure below that will confirm our sell trade and than we expect the downward move to continue till 1.3448 level which will act as major support for buying. this strategy is not for one day we awaiting confirmation on H4, daily weekly and monthly time frame.
Disclaimer: Not a financial advice only for educational purpose
GBPUSD is trading at 1.3650 level at the moment the pair is holding the lower trend line of the channel and we waiting for confirmation on H4 & Daily if we get confirmation than in near term we can see drop of GBPUSD to level initially 1.3580 expect 35-40 pips bounce from that level to the lower trend line of channel and positive closure below that will confirm our sell trade and than we expect the downward move to continue till 1.3448 level which will act as major support for buying. this strategy is not for one day we awaiting confirmation on H4, daily weekly and monthly time frame.
Disclaimer: Not a financial advice only for educational purpose
Note
Trade not yet active awaiting confirmation as marked on chartNote
Sell Not Yet Confirm awaiting confirmationNote
Sell stop got activated last night from 1.3544 with TP at 1.3594 50 Pips profit so far 135 pips in this weekNote
Sold again from 1.3604 and closed at 1.3580 24 pips bought again from 1.3580 for 20 pips 44 pips total 175 pips so farNote
We had a buy from level marked on chart 1.3580 and closed at 1.3650 got 70 pips what a move 245 pips so farNote
We had H4 closure above channel line we took sell from 1.3693 yesterday which went into 40 pips profit however we placed the stoploss at break even which was hit today so now have pending sell at 1.3730 SL at 1.3765 and TP at 1.3660
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