GBPUSD Short Setup
Good evening traders.
Earlier today we took a successful short-term short trade on this pair as shown below:
You will see in the trade updates that it was closed with about 40 pip profit.
With the buying pressure holding we are expecting to see another push to the upside.
A rally up into the 1.2775 figure will likely be matched with swift selling.
It is up to you how you decide to trade the level, but I advise placing a short order near or at the figure and using a 40-50 pip stop loss.
Look to get whatever you can on the profit side.
Good luck!
Earlier today we took a successful short-term short trade on this pair as shown below:
You will see in the trade updates that it was closed with about 40 pip profit.
With the buying pressure holding we are expecting to see another push to the upside.
A rally up into the 1.2775 figure will likely be matched with swift selling.
It is up to you how you decide to trade the level, but I advise placing a short order near or at the figure and using a 40-50 pip stop loss.
Look to get whatever you can on the profit side.
Good luck!
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