Strifor || GBPUSD-30/05/2024
Updated
Preferred direction: SELL
Comment: The British pound has almost the same setup for selling as the euro. For now, we are putting all purchases aside, and in the near future, a further fall is expected towards the level of 1.26000, just above which we fix the target for this short.
The most likely scenario №1 speaks of selling at current prices, one can try small stop losses, and it is better to re-enter. That is, this is an intraday trade. Scenario №2 involves shorting after a deeper pullback towards the 1.27500 level, but this is a very unlikely potential maneuver.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Comment: The British pound has almost the same setup for selling as the euro. For now, we are putting all purchases aside, and in the near future, a further fall is expected towards the level of 1.26000, just above which we fix the target for this short.
The most likely scenario №1 speaks of selling at current prices, one can try small stop losses, and it is better to re-enter. That is, this is an intraday trade. Scenario №2 involves shorting after a deeper pullback towards the 1.27500 level, but this is a very unlikely potential maneuver.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Trade active
🔥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.