GBPUSD Big Swing
Weekly timeframe- clear rejection
4H- Could see a repeat of what we have seen before in the price structure. Rejecting the highs and this zone aswell.
Fundamentally the pound is weak and it is unlikely for it to make a new high here.
4H- Could see a repeat of what we have seen before in the price structure. Rejecting the highs and this zone aswell.
Fundamentally the pound is weak and it is unlikely for it to make a new high here.
Note
I traded this with a wider stop (95pips) and took profit at around 200 pips.
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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.