Sell GBP/USD Bearish Channel
Updated
The GBP/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent downward Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.3062. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2988
2nd Support – 1.2960
Stop-Loss: To manage risk, place a stop-loss order above 1.3090. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Today High Impact News :
GBP - GDP, Trade Balance
EUR - German CPI
USD - PPI
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.3062. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2988
2nd Support – 1.2960
Stop-Loss: To manage risk, place a stop-loss order above 1.3090. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Today High Impact News :
GBP - GDP, Trade Balance
EUR - German CPI
USD - PPI
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Trade active
Take entry now
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