Based on the Shark pattern, it is likely that GBPUSD will rebound upwards if it retests 1.3070.
Will be using a 50 pip SL to aim for a profit target of 160 pips.
Entry is only confirmed when price action stabilized and rebound around 1.3070 with RSI hitting oversold and reversing back above 30.
Will be using a 50 pip SL to aim for a profit target of 160 pips.
Entry is only confirmed when price action stabilized and rebound around 1.3070 with RSI hitting oversold and reversing back above 30.
Trade active
Taking profits at 1.3270.Already shifted sl to 1.31 to lock in 30 pips.
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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.