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KaltoireCapital

GBP/USD Sell trade update: 100 Pips booked; more to go

Short
Sterlina / Dollaro (FX:GBPUSD)  
KaltoireCapital Aggiornato   
FX:GBPUSD   Sterlina / Dollaro
Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD gbpusdshort gbpusdlong gbpusdsignal gbpusdanalysis gbpusdtrade gbpusdidea gbpusd_forecast
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trendanalysis chartpattern beyondta gbpusd gbpusdshort gbpusdlong gbpusdsignal gbpusdanalysis gbpusdtrade gbpusdidea gbpusd_forecast
GBP/USD retested the broken support zone and as I mentioned in my previous idea, GBP/USD Started dropping after retesting the broken Support area. Currently the sell from the broken support level is running with 100 plus pips profit and I expect the downtrend to continue.

GBP/USD retests broken support; Sell Continuation Expected

Fresh sellers can enter new sell trades on pullback and ride the next bearish wave till 1.23.

If US Dollar strength continues amid rising geopolitical risks, then I expect GBP/USD to hit 1.21 within the next 2-3 weeks.
Trade attivo:
snapshot
Looks like the pullback is done.

Idee correlate

KaltoireCapital
GBP/USD Downtrend continues as expected
KaltoireCapital
GBPUSD Update: 195 Pips booked in GBP/USD Sell, more drop?
KaltoireCapital
GBP/USD retests broken support; Sell Continuation Expected
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