GBPUSD OUTLOOK
Price trading inside strong bearish and is retesting it's previous low, creating a potential opportunity for a sell.
Impulse Short entries can be taken once price rejects that region.
The confirmations are the SBR level, the Bearish Engulfing, the SnD in the lower timeframe and the Trendline.
We had our sells set up with potential downside in the R:R ratio of 1:2.5
GBPUSD
SELL LIMIT ORDER
EP: 1.2095
SL: 1.2135 (40 pips)
TP1: 1.2075 (20 pips)
TP2: 1.2045 (50 pips)
TP3: 1.1995 (100 pips)
Price trading inside strong bearish and is retesting it's previous low, creating a potential opportunity for a sell.
Impulse Short entries can be taken once price rejects that region.
The confirmations are the SBR level, the Bearish Engulfing, the SnD in the lower timeframe and the Trendline.
We had our sells set up with potential downside in the R:R ratio of 1:2.5
GBPUSD
SELL LIMIT ORDER
EP: 1.2095
SL: 1.2135 (40 pips)
TP1: 1.2075 (20 pips)
TP2: 1.2045 (50 pips)
TP3: 1.1995 (100 pips)