GBP/USD. Short-term recommendation - short.
Updated
The GBP/USD, bounced from the low of 1.21552, reached a significant level around 1.26400. There is a rising wedge pattern, accompanied by a divergence of the MACD indicator is observed on the H4 chart. Our trading strategy indicators also show "weariness" of buyers. We expect the GBP to fall in the next few days and the working out of the wedge figure.
How to trade.
Sell GBP/USD in short with limit orders in the range of 1.26650-1.26700. Target ranges for closing trades: 1,24100-1,24200; 1,23350-1,23550; 1,21500-1,21600.
How to trade.
Sell GBP/USD in short with limit orders in the range of 1.26650-1.26700. Target ranges for closing trades: 1,24100-1,24200; 1,23350-1,23550; 1,21500-1,21600.
Note
Cancel limit orders. Sell by market.Trade closed: target reached
All targets are reached. Close deals in whole/in part. Or/and use floating stop-loss to protect profit.
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