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GBPUSD MID TERM HUGE SELL OPPORTUNITYUse appropriate risk management. Last few posts have been incredibly successful so I'm using lower risk on this one. My strategy is a confidential, but those that trade my posts don't get carried away with my extreme accuracy and how I usually have little to no drawdown - USE SLS! This is a mid to potentially long term trade. The target is lower than GU has been my entire lifetime and probably yours too, so most will disagree but I like to differ from the crowd in trading so the target is very much achievable nonetheless.
Short
by MBL7
1
GBPUSD week outlookMy current outlook on GBPUSD. Right now we are in a middle ground for this pair. The Daily and higher timeframes are bearish and we are approaching a resistance on these higher timeframes. On the H4 and lower, we are in an uptrend currently. For me to look for price to continue bullish, I would need to see price respect the key psyc level and H4 exhaustion zone in the 1.2100 zone. If this key level is broken, I will be looking for sells on the following H4 lower high and exhaustion zone that we are keying on for this level. This would also create a retest on the backside of the H4 trendline. Patience is all we have to have now. I have alerts set and will not touch until one of these setups form.
by TreyTurnerTraderSphere
GBPUSD 06/09/2022The price is currently ranging in between 1.1601 & 1.1503 creating a new resistance & support. so if the price makes a breakout of the resistance then it could push upto the next resistance at 1.1648 on short timeframe pov. and if price even breaks & closes above 1.1648 on higher tf pov then price might push all the way to 1.1752 & would be breaking out of the downtrend and shift towards an uptrend. However, if price respects the resistance & breaks out of the support at 1.1504 then it could continue to push down to the previous low at 1.1443.
by mightybullcapital
1