The GBP/USD is slow but nicely forming a bearish wedge with her pretty tight Higher Highs, and Higher Lows. The overall trend is still very bearish and this could continue throughout this week.
In the light of this, Cable still has a few downtrends trades that could be entered and made few bucks for traders with a proper risk to reward ratio.
Trading Setup:
A Short market order during the London session is very okay or
Price - Sell Stop 1.3025
SL - 1.3065 (-40pips)
Tp - at 1.2945 (+80pips)
In the light of this, Cable still has a few downtrends trades that could be entered and made few bucks for traders with a proper risk to reward ratio.
Trading Setup:
A Short market order during the London session is very okay or
Price - Sell Stop 1.3025
SL - 1.3065 (-40pips)
Tp - at 1.2945 (+80pips)
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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.
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.