Currently, this pair has closed with shooting star candlestick (bearish pin-bar) on the daily time frame preceding a pullback from a bearish trend. We watch out for more downside.
From H1, a bearish flag for a sell-off is ready. Approaching the trade with a SELLSTOP @ 1.2120, sl at 1,21526 and tp1 at 1.18556, is a preferable option. (a promising 1:8 risk:reward ratio). GBP move solely depends on BREXIT. a bullish breakout across 1.21758 invalidates the set-up.
Apply risk management.
#pipspaythebills #tradewithgeorgefx
From H1, a bearish flag for a sell-off is ready. Approaching the trade with a SELLSTOP @ 1.2120, sl at 1,21526 and tp1 at 1.18556, is a preferable option. (a promising 1:8 risk:reward ratio). GBP move solely depends on BREXIT. a bullish breakout across 1.21758 invalidates the set-up.
Apply risk management.
#pipspaythebills #tradewithgeorgefx
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.