GBPUSD continue on downtrend
Updated
The trend doesn't seem to break or stopping anywhere soon. The support is just broken. It will range for few days in the marked zone and then continue down. Take your profit 5-10 pips before the last support marked on the chart. Range traders, you got few days to play with. Good luck everyone.
Comment
for 28th Sept 2023:This now continues. My TP hit at London close. for tomorrow, seems to be Bulls in the morning (Asian session) but during London, it will be mixed until the event/news release. Keep it short. SL around 1.21747 +spread&variation (say 10 pips) and TP 10 pips before next support around 1.20702.
Remember - follow market trend and get out before market about to hit support/resistance.
Good luck againl.
Trade active
One of my trade hit the SL. Other one, a major one is continuing as I still believe this is going to hit the further support level.The trend is still downwards. Had some pull back at 4-H but majorly it's down trend.
tradingview.com/chart/GAIpid1F/?symbol=OANDA:GBPUSD
I will not open any new trades in this week as not much is going to happen apart from profit taking.
Range traders, please keep TP small and within the Zones. Market is here today, will be here tomorrow. No rush.
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Excellent moves. Cable is looking a perfect setup. Wait for the breakout and sell it to join the trend. Best of luck everyone. Happy trading.
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