GBP/USD. Short-term recommendation - short.

27 May 2022

The GBP/USD, bounced from the low of 1.21552, reached a significant level around 1.26400. There is a rising wedge pattern, accompanied by a divergence of the MACD indicator is observed on the H4 chart. Our trading strategy indicators also show "weariness" of buyers. We expect the GBP to fall in the next few days and the working out of the wedge figure.

How to trade.
Sell GBP/USD in short with limit orders in the range of 1.26650-1.26700. Target ranges for closing trades: 1,24100-1,24200; 1,23350-1,23550; 1,21500-1,21600.

2 Haz 2022

Not

Cancel limit orders. Sell by market.

13 Haz 2022

İşlem kapandı: hedefe ulaştı

All targets are reached. Close deals in whole/in part. Or/and use floating stop-loss to protect profit.