GBP/USD short-term selling opportunity as in parallel pattern
GBP/USD short-term selling opportunity as in parallel pattern on the 30-minute time frame.
Key Levels
Resistance at 1.27000
Support at 1.26500/1.26100
If the price approaches resistance at 1.27000, you could be watching for potential bearish signs such as a reversal pattern or rejection at that level, indicating a good point for a short entry. Conversely, if the price breaks below support at 1.26500/1.26100, you may expect further downward movement.
It's important to keep an eye on the market's reaction at these levels, as price action and momentum will determine the actual direction.
Lets like and comments for more analysis as always protect your capital.
Key Levels
Resistance at 1.27000
Support at 1.26500/1.26100
If the price approaches resistance at 1.27000, you could be watching for potential bearish signs such as a reversal pattern or rejection at that level, indicating a good point for a short entry. Conversely, if the price breaks below support at 1.26500/1.26100, you may expect further downward movement.
It's important to keep an eye on the market's reaction at these levels, as price action and momentum will determine the actual direction.
Lets like and comments for more analysis as always protect your capital.
Trade closed: target reached
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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.
Related publications
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.