gbpusd 2700/2720 short tp bears 2500
Updated
🔸Hello traders, let's review the 4hour chart for GBPUSD today. Nice pump off the
lows recently, however upside capped/limited by heavy overhead resistance
near 2700/2720.
🔸Downtrend defined by a sequence of lower highs, 2760, 2740, 2720 in progress,
right now I recommend to focus on shorting any rips/rallies towards heavy resistance.
🔸Recommended strategy for GBPUSD bears: short sell rips/rallies near resistance
2700/2720 stop loss fixed 40 pips TP1 + 100 pips TP2 +2000 pips final TP exit at 2500.
swing trade setup, time required to hit both targets. good luck traders!
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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.
lows recently, however upside capped/limited by heavy overhead resistance
near 2700/2720.
🔸Downtrend defined by a sequence of lower highs, 2760, 2740, 2720 in progress,
right now I recommend to focus on shorting any rips/rallies towards heavy resistance.
🔸Recommended strategy for GBPUSD bears: short sell rips/rallies near resistance
2700/2720 stop loss fixed 40 pips TP1 + 100 pips TP2 +2000 pips final TP exit at 2500.
swing trade setup, time required to hit both targets. good luck traders!
🎁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
short sell rips/ralliesNote
ukoil 8 hour short from resistance tp 72/74 usd
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🔥primary telegram channel
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🚀75%+ win rate free gold signals
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