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Forex Signal – Great SELL opportunity for GBPUSD

Forex Signal – Great SELL opportunity for GBPUSD

We have a great SELL opportunity for GBPUSD with the pair coming up against minor resistance levels can could potentially turn around at the 1.24999 mark and take us down to 1.23789, or break through the 1.24999 mark going up to 1.25030 and then back down. Currently we are now tending down so keep than in mind. STOPS: 1.25720 Target 1: 1.24520 Target 2: 1.23789.

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In Other View Point – Gbpusd Trading Setup

Starting capital – 20000 USD Risk Profile : Depends on the entry( Will update) Risk – Depends on entry but less than 100 pips Target – First target is 350 pips down Account exposure – 1.5% i.e. 300USD Potential Reward – 6%+ i.e. 1000USD+ Will update with the entry and stops when the trade is triggered. Remember, no breakdown of flag means no entry.

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In Another View Point- GBPUSD Still Short

This pair has been quite stubborn recently not giving the clearest of technical opportunities however, we have broken both short and long term Ascending Trend lines with a downside move highly on the cards this is my current position after correcting back into my entry level i have decided to extend my stops by 25 Pips(as shown) The Daily chart does have a Bullish harami pattern which I’m not to concerned with considering shown USD strength Stops just above 4hr 50 Ema.

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About the author

Mohammmad Riad

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