GBPUSD Sell Trade Idea based on S and R
Based on support and Resistance, I project GBPUSD to get to the support of 1.2617. My resistance points stands at 1.2806. Additioanly, the trend line shows a downward movement. However, I expect several retracements for selloff with the ongoing happenings in the UK.
SL: 1.2615
TP1: 1.2707
TP2: 1.2617
SL: 1.2615
TP1: 1.2707
TP2: 1.2617
Note
I took profit at 1.2716, and the price seems to be back at our entry at the resistance point of 1.2806.
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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.