GBPUSD idea for 13th August - 17th August
Updated
We closed below 1.285 which was a strong support area, slight bit of buying pressure on the 1 hour chart just before market close so I expect a slight pullback next week with buyers attempting to raise price to 1.285 again which would be a good area to add some short positions, with market sentiment as bearish considering no deal brexit becoming a reality and DXY holding strong. I expect further falls for GBPUSD with my first target at 1.24 for next week.
Enter market at - 1.285
TP - 1.24
SL - 1.29
Enter market at - 1.285
TP - 1.24
SL - 1.29
Trade closed: stop reached
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