GBPUSD → London session begins with price distribution

9 May 2024

GBPUSD → London session begins with price distribution in favor of the macro trend, with a break in the POC, with this EMA 50 (Dragon) is slightly tilted downwards, together with the EMA 200, which generates a sell entry.

You can practice scalping in the same order, which in this case will be TP1.


SL: 1.25022
TP1: 1.24722(Scalper)
TP2: 1.24589

Hello traders! What do you think of GBPUSD?

9 May 2024

Not

Guys, an observation, we will have important news in GBP, given this analysis, here are some considerations:

- The BoE's decision to keep interest rates unchanged could lead to a positive short-term consequence for the British Pound (GBP), which could affect its sell order on GBP/USD.

- The current downtrend and dovish comments from the BoE suggest that GBP/USD could continue falling, although it is not guaranteed.

- You might consider setting a conservative Take Profit (TP), perhaps around 1.2460 or 1.2440, to lock in gains if the downtrend continues after the BoE decision.

With this in mind, move the SL/TP to TP1 and guarantee your profit

9 May 2024

İşlem kapandı: hedefe ulaştı

TP1 was hit before the final London session, SL was moved to TP1 and the price retraced closing the order successfully.

NOTE: Guys, I'm still learning how to use IDEAIS tradingview