British Pound / U.S. DollarUpdated GBPUSD WAITING FOR BREAKOUT OFRECESTENSE AND TREND LINE
📈 GBP/USD Trading Strategy 📉
Bearish Scenario:
🔻 Entry Point: If GBP/USD breaks below the support level at 1.2200, consider entering a short position.
🎯 Target Level: Aim for 1.2050 as the initial target.
Bullish Scenario:
🔺 Entry Point: If GBP/USD breaks above the resistance level at 1.2300, consider entering a long position.
🎯 Target Levels:
First Target: 1.2330
Second Target: 1.2440
Third Target: 1.2570
Recommendation:
⏳ Wait for a confirmed breakout above resistance or below support before opening your position to mitigate false signals...
Bearish Scenario:
🔻 Entry Point: If GBP/USD breaks below the support level at 1.2200, consider entering a short position.
🎯 Target Level: Aim for 1.2050 as the initial target.
Bullish Scenario:
🔺 Entry Point: If GBP/USD breaks above the resistance level at 1.2300, consider entering a long position.
🎯 Target Levels:
First Target: 1.2330
Second Target: 1.2440
Third Target: 1.2570
Recommendation:
⏳ Wait for a confirmed breakout above resistance or below support before opening your position to mitigate false signals...
Trade active
📉 GBP/USD Bearish Trading Update
🔻 Trend Line Breakdown Trade Active:
GBP/USD has broken below the critical support level at 1.2200, confirming a bearish trend.
🎯 Target Level: The next key downside level to watch is 1.2050.
📊 Stay vigilant for any potential pullbacks toward the broken support, now turned resistance, before further downside momentum. Ensure proper risk management in place.
#ForexTrading #GBPUSD #BearishTrend
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Iam Expert Trader iam providing best and confirm signals With confirm Technical Analysis
t.me/+tEr85TNnuD8xNDc8
Iam Expert Trader iam providing best and confirm signals With confirm Technical Analysis
t.me/+tEr85TNnuD8xNDc8
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.
t.me/+tEr85TNnuD8xNDc8
Iam Expert Trader iam providing best and confirm signals With confirm Technical Analysis
t.me/+tEr85TNnuD8xNDc8
Iam Expert Trader iam providing best and confirm signals With confirm Technical Analysis
t.me/+tEr85TNnuD8xNDc8
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.