🔸Hello traders, let's review the 2hour chart for GBPUSD today. Recently price was locked
inside accumulation/distribution trading range since December 2023.
🔸Trading range is defined by range highs at 2750 and range lows at 2640, premium
prices overhead at 2775/2795 and below at 2625/2605.
🔸Recommended strategy for GBPUSD bears: short sell rips/rallies near premium prices
towards overhead resistance stop loss fixed 40 pips TP1 + 75 pips TP2 +150 pips final TP exit at 2605.
swing trade setup, patience required. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
inside accumulation/distribution trading range since December 2023.
🔸Trading range is defined by range highs at 2750 and range lows at 2640, premium
prices overhead at 2775/2795 and below at 2625/2605.
🔸Recommended strategy for GBPUSD bears: short sell rips/rallies near premium prices
towards overhead resistance stop loss fixed 40 pips TP1 + 75 pips TP2 +150 pips final TP exit at 2605.
swing trade setup, patience required. good luck traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Note
xauusd h2 short from resistance tp 2000 usd
Note
gbpcad h8 xabcd advanced entry buy/hold setup
Trade closed: target reached
TP1 hit + 75 pips TP2 hit +150 pipsNote
gold mid-term outlook bears will target 1785 usd
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Disclaimer
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taplink.cc/black001
💎Syndicate Black
⚡️Gold/Forex auto-trading bot
📕MyFXBOOK verified 500%+ gains
💎GOLD EA target 100%+ gains/week
🚀supercharge your trading
💎75% win rate free gold signals
t.me/syndicategold001
💎Syndicate Black
⚡️Gold/Forex auto-trading bot
📕MyFXBOOK verified 500%+ gains
💎GOLD EA target 100%+ gains/week
🚀supercharge your trading
💎75% win rate free gold signals
t.me/syndicategold001
Related publications
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.