GBPUSD (1D): Reversal Possibility High

GBPUSD
Timeframe: 1D
Direction: Short

Confluences for Trade:
- Waning momentum in demand for GBP
- Price action bounced off resistance line (since September 2018)
- Stochastic Overbought momentum (1D and H4)
- Breaking steep S/T Trendline
- Fundamentally, Brexit uncertainty still remains in both negotiation between EU and UK; reports of good news for Brexit are not official annoucements and Barnier said that there will be no deal until there is a solution to the Irish border issue

Suggested Trade:
Entry @ Area of Interest 1.3100 - 1.3165
SL: 1.3193
TP: 1.2939
RR: Approx. 2.03 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.

Trade attivo

Commento:

Lock in profits for half the position and move SL to BE.

Run the remaining position totally risk free.

Trade chiuso: obiettivo raggiunto:

:D