The GBP/USD pair is currently in a strong bearish trend, consistently forming Lower Highs (LH) and Lower Lows (LL). Based on the Fibonacci retracement technique, a short (sell) position is identified with the following trade parameters:
📊 Trade Details:
Pair: GBP/USD
Trend: Bearish
Entry Point (Sell Limit): 1.32916
Stop Loss (SL): 1.33479
Take Profit 1 (TP1): 1.32353 ✅ (1:1 R:R)
Take Profit 2 (TP2): 1.31790 ✅ (1:2 R:R)
Lot Size: 0.18
Risk: $200
Potential Reward: $300
💼 Strategy:
We will open two trades:
First trade targets a 1:1 risk-to-reward ratio
Second trade aims for a 1:2 risk-to-reward ratio
This dual-target strategy allows for secure profit booking while giving room for extended gains if the bearish trend continues.
📌 Tip: Wait for bearish price action confirmation at the entry level before execution. Manage your risk with discipline.
#GBPUSD #ForexSignals #BearishTrend #Fibonacci #RiskReward #ForexStrategy #FXTrading #TechnicalAnalysis
📊 Trade Details:
Pair: GBP/USD
Trend: Bearish
Entry Point (Sell Limit): 1.32916
Stop Loss (SL): 1.33479
Take Profit 1 (TP1): 1.32353 ✅ (1:1 R:R)
Take Profit 2 (TP2): 1.31790 ✅ (1:2 R:R)
Lot Size: 0.18
Risk: $200
Potential Reward: $300
💼 Strategy:
We will open two trades:
First trade targets a 1:1 risk-to-reward ratio
Second trade aims for a 1:2 risk-to-reward ratio
This dual-target strategy allows for secure profit booking while giving room for extended gains if the bearish trend continues.
📌 Tip: Wait for bearish price action confirmation at the entry level before execution. Manage your risk with discipline.
#GBPUSD #ForexSignals #BearishTrend #Fibonacci #RiskReward #ForexStrategy #FXTrading #TechnicalAnalysis
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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.