For GBP/USD, the situation is similar to EUR/USD.
I’ll wait for confirmation of a further decline — specifically, a break below the support level at 1.3230 — before entering a short position.
I don’t see any alternative scenarios at the moment. There’s no long setup, and I don’t trade consolidation phases.
📝Trading plan:
Open a short position upon a break below 1.3230. The target is 1.3030.
I’ll wait for confirmation of a further decline — specifically, a break below the support level at 1.3230 — before entering a short position.
I don’t see any alternative scenarios at the moment. There’s no long setup, and I don’t trade consolidation phases.
📝Trading plan:
Open a short position upon a break below 1.3230. The target is 1.3030.
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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.