Strifor || GBPUSD-Week Starting
Updated
Preferred direction: SELL
Comment: The situation for the British pound is very similar to the situation for the euro. Here we also clearly continue to maintain sell-priority and continue to keep the trade short, according to the previous scenario. Within this week, we expect a fall to the level of 1.28000, and against the backdrop of the liquidation of buyers who opened long trades after the breakdown of 1.28000, we can expect a further fall below this level. In other words, we are dealing with a possible false breakout.
Scenario №2 is a backup scenario, according to which, before falling to the specified targets, the instrument will first update the local maximum at the level of 1.29000.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Comment: The situation for the British pound is very similar to the situation for the euro. Here we also clearly continue to maintain sell-priority and continue to keep the trade short, according to the previous scenario. Within this week, we expect a fall to the level of 1.28000, and against the backdrop of the liquidation of buyers who opened long trades after the breakdown of 1.28000, we can expect a further fall below this level. In other words, we are dealing with a possible false breakout.
Scenario №2 is a backup scenario, according to which, before falling to the specified targets, the instrument will first update the local maximum at the level of 1.29000.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Trade active
At the moment, all shorts are closed, since most likely scenario №2 will be realized.Trade closed: target reached
🔥Trade with Strifor broker 👉 t.me/+vEBNFbz_wItmNzhi
Related publications
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.