GBP/USD short
The price is coming close to the strong level, which we could often see in the history. We are waiting for the clear reflection, which could give price direction to 1.2660 level, which could give us about 250 pips profit. But in case of breaking our level, trade won't be valid and I suppose strong bullish impulse.
Trade active
trade still active and follows scenario. The price reflected fibo level and continued falling after bearish engulfing.
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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.