Shoritng GBPUSD based on trend analysis
There appears to be a solid trend heading downwards, and it would be a perfect time to enter now as it has just reaches a lower high. This allows us not only to have a good entry point, but to also minimise the risk and have a 1:2 RRR for TP1 one 1:6 RRR for TP2.
Now that you are here you may as well follow :)
Now that you are here you may as well follow :)
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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.