๐GBPUSD: A High-Risk Uptrend Retracement
The GBPUSD pair is currently undergoing a high-timeframe downtrend. However, weโre observing a short-term retracement to the upside. While this may offer potential trading opportunities, itโs crucial to approach this market with caution.
โ ๏ธ Holding a Long Position above 1.3559 is HIGH-RISK
Key Levels to Watch:
Risk Warning:
Holding a long position above 1.3559 is considered high-risk due to the underlying downtrend. Please exercise prudent risk management and consult with a financial advisor if necessary.
Stay tuned for further updates as the market evolves.
The GBPUSD pair is currently undergoing a high-timeframe downtrend. However, weโre observing a short-term retracement to the upside. While this may offer potential trading opportunities, itโs crucial to approach this market with caution.
โ ๏ธ Holding a Long Position above 1.3559 is HIGH-RISK
Key Levels to Watch:
- SLO2 @ 1.3652 โณ
- RESISTANCE @ 1.35874
- SLO1 @ 1.3458 โณ
- TP4 @ 1.3359
- TP3 @ 1.3005
- TP2 @ 1.2776
- TP1 @ 1.2445
- BLO1 1.2107 โณ
- BLO2 1.1900 ๐
Risk Warning:
Holding a long position above 1.3559 is considered high-risk due to the underlying downtrend. Please exercise prudent risk management and consult with a financial advisor if necessary.
Stay tuned for further updates as the market evolves.
Professor C. E. Ward
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.
Professor C. E. Ward
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.