GBPUSD WAITING FOR BREAKOUT OFRECESTENSE AND TREND LINE

17 Oca

📈 GBP/USD Trading Strategy 📉

Bearish Scenario:

🔻 Entry Point: If GBP/USD breaks below the support level at 1.2200, consider entering a short position.

🎯 Target Level: Aim for 1.2050 as the initial target.


Bullish Scenario:

🔺 Entry Point: If GBP/USD breaks above the resistance level at 1.2300, consider entering a long position.

🎯 Target Levels:
First Target: 1.2330
Second Target: 1.2440
Third Target: 1.2570

Recommendation:

⏳ Wait for a confirmed breakout above resistance or below support before opening your position to mitigate false signals...

17 Oca

İşlem aktif

📉 GBP/USD Bearish Trading Update

🔻 Trend Line Breakdown Trade Active:
GBP/USD has broken below the critical support level at 1.2200, confirming a bearish trend.

🎯 Target Level: The next key downside level to watch is 1.2050.

📊 Stay vigilant for any potential pullbacks toward the broken support, now turned resistance, before further downside momentum. Ensure proper risk management in place.

#ForexTrading #GBPUSD #BearishTrend