GBPUSD Short term Sell is Possible
Trading Idea (in case of a Triangle break, as ABC pattern failed)
Short Entry
Sell Stop order at 1.5025
Target: 1.4950
Stop Loss: 1.5100
I suggest also use a timing stop loss, in case, if the price will not continue to go down after a level break in 8 hours, jst close the position.
The move is possible, as the price didn't have enough momentum to go up, and In case if the "Big players" will be entering market Long, they will Use a Better Entry, which is 1.5100 at the moment. So it does look quite safe.
Short Entry
Sell Stop order at 1.5025
Target: 1.4950
Stop Loss: 1.5100
I suggest also use a timing stop loss, in case, if the price will not continue to go down after a level break in 8 hours, jst close the position.
The move is possible, as the price didn't have enough momentum to go up, and In case if the "Big players" will be entering market Long, they will Use a Better Entry, which is 1.5100 at the moment. So it does look quite safe.
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