Price Entry On GBPUSD HAs been Triggered and is currently running 15Pips move your stoploss to the initial entry Price. To follow through on this trade, We'd keep an eye on the 4H timeframe to see that at the end of the current candle formation, we want to see that price closes below 1.2446, This will show us that we have sufficient Bears Pressure to hold the rally down to 1.2420. Else close your positions. If we achieve this condition, we'd then be looking to see price close below the 1.2420 on the 1HTF, from there we'll look for the available supply formed and Hold Price down potentially to 1.2310
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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.