🔸Hello traders, let's review the 8hour chart for GBPUSD today. Recently
price was locked in distribution range since December 2023.
Breakdown in progress, however don't get trapped short selling at
market price since the pattern will complete after the throwback
back into trading range.
🔸Trading range is defined by range highs at 2750 and range lows at 2660,
premium prices overhead at 2775/2795 and below at 2525/2455.
Distribution in progress, broke down already, throwback now.
🔸Recommended strategy for GBPUSD bears: short sell rips/rallies
toward the mid of the trading range at/near 2630/2660, SL 2720,
TP1 +160 pips TP2 +320 pips final exit short at 2300/2320.
swing trade setup, patience required. good luck!
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🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
price was locked in distribution range since December 2023.
Breakdown in progress, however don't get trapped short selling at
market price since the pattern will complete after the throwback
back into trading range.
🔸Trading range is defined by range highs at 2750 and range lows at 2660,
premium prices overhead at 2775/2795 and below at 2525/2455.
Distribution in progress, broke down already, throwback now.
🔸Recommended strategy for GBPUSD bears: short sell rips/rallies
toward the mid of the trading range at/near 2630/2660, SL 2720,
TP1 +160 pips TP2 +320 pips final exit short at 2300/2320.
swing trade setup, patience required. good luck!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Note
gbpaud h4 short from resistance tp +250 pips
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💎Syndicate Black
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💎GOLD EA target 100%+ gains/week
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t.me/syndicategold001
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.
taplink.cc/black001
💎Syndicate Black
⚡️Gold/Forex auto-trading bot
📕MyFXBOOK verified 500%+ gains
💎GOLD EA target 100%+ gains/week
🚀supercharge your trading
💎75% win rate free gold signals
t.me/syndicategold001
💎Syndicate Black
⚡️Gold/Forex auto-trading bot
📕MyFXBOOK verified 500%+ gains
💎GOLD EA target 100%+ gains/week
🚀supercharge your trading
💎75% win rate free gold signals
t.me/syndicategold001
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.