British Pound / U.S. DollarUpdated Best level to sell GBP/USD + 220 Pips potential
Dear traders, despite yesterday's 100 pips fall which gave us a good profit
of 87 Pips on our sell trades, GBP/USD has managed to recover.
If you are planning on selling GBP/USD, I would recommend you to wait for a better
entry. Keep in mind that a perfect entry is crucial to ensure your trading strategy
is profitable.
So, if GBP/USD reaches 1.2675 level and bearish price action forms, traders can
consider selling GBP/USD@1.2675 with SL above resistance and TP at 1.25
of 87 Pips on our sell trades, GBP/USD has managed to recover.
If you are planning on selling GBP/USD, I would recommend you to wait for a better
entry. Keep in mind that a perfect entry is crucial to ensure your trading strategy
is profitable.
So, if GBP/USD reaches 1.2675 level and bearish price action forms, traders can
consider selling GBP/USD@1.2675 with SL above resistance and TP at 1.25
Note
Price has spike up after CPI news, there is a chance that GBPUSD may go back down to 1.2530 by end of the day
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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.
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.