GBPUSD - 2/9/2021 SETUP

GBPUSD has reached the absolute level of the channel making it another possible SELL scenario.

I tend to mainly catch the 1st target and trail my stop loss according to price action or I move my SL to breakeven to make it risk free trade.

Note

Update#1: Scalpers can secure profit at around 15 pips.

Note

Update#2: GBPUSD market volume is around 4k on the 1HR chart which could give us a decent bearish momentum.

Note

Trade Status: Closed at Breakeven due to uncertainty.
0 pips.
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