GBPUSD
GBP/USD: Target Sell @ 1.32800, SL @ 1.3315 TP 1.3200
Reason...
1D overall trend is downtrend, and price rejected from the Upper trendline. This indicates more downward movement.
4H- Bearish Marubozu formed on 4H timeframe, indicating strong selling pressure.
Entry strategy: wait for retracement in the marubozu area and price forming weaker momentum, then short.
TRADE AT YOUR OWN RISK.
Trade attivo:
Price is in our favor. It is possible that price can reach our targeted area. However, price still in sideway. Confirmed direction can be observed only after the breakout.
Trade chiuso: obiettivo raggiunto:
As predicted, GU hit our target level.
More downward movement can be observed.
+80 pips (2 times reward) for this trade.
More downward movement can be observed.
+80 pips (2 times reward) for this trade.