GBPUSD Like to test 1.26800 again and again !!

9 ore fa

GBPUSD has been rejected at the 1.26800 resistance level four times. Traders may consider a buy order on a pullback to the 61.8% Fibonacci retracement level. A stop-loss order can be placed at 1.26200, below the previous price cluster. The stop-loss is approximately 17 pips away from the entry point, and the target is 40 pips, offering a risk-reward ratio greater than 2:1.

1 ora fa

Trade attivo

Close 50% of the current position and implement a trailing stop for the remaining 50% to protected loss of position. The target price remains at 1.26800."