You're suggesting a *GBP/USD short (sell) trade* at *1.3305, targeting **1.30951*. Here’s a quick trade outline and some thoughts:
### *Trade Idea*
- *Entry (Sell):* 1.3305
- *Take Profit (TP):* 1.30951
- *Potential Gain:* ~209 pips
### *Key Considerations*
1. *Trend Direction:* Check if the pair is in a downtrend (lower highs/lows on H4/D1).
2. *Resistance Area:* Is 1.3305 a recent resistance or part of a reversal pattern?
3. *Fundamentals:* Any upcoming UK or US news (e.g., interest rate decisions, NFP)?
4. *Risk Management:* Use a stop-loss—possibly above recent highs (e.g., 1.3350 or higher), depending on your risk tolerance.
### *Trade Idea*
- *Entry (Sell):* 1.3305
- *Take Profit (TP):* 1.30951
- *Potential Gain:* ~209 pips
### *Key Considerations*
1. *Trend Direction:* Check if the pair is in a downtrend (lower highs/lows on H4/D1).
2. *Resistance Area:* Is 1.3305 a recent resistance or part of a reversal pattern?
3. *Fundamentals:* Any upcoming UK or US news (e.g., interest rate decisions, NFP)?
4. *Risk Management:* Use a stop-loss—possibly above recent highs (e.g., 1.3350 or higher), depending on your risk tolerance.
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Gold Signal's with proper TP & SL for high profit ..
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📲 Join telegram channel free ..
t.me/EU_USA_AND_CHAINA_TRADER
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
t.me/Gold_Analysis_Experiment
t.me/EU_USA_AND_CHAINA_TRADER
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
t.me/Gold_Analysis_Experiment
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.