GBP/USD short
-GBP/USD approached the trendline with a weak bounce, followed by a bearish pin pierce through 50ema with a long shadow.
-Short term bearish trend is expected.
-Stop loss will be placed right above the bearish pin.
-Profit target will be around 1.2220 zone.
DISCLAIMER: Forex trading involves substantial risk of loss and is not suitable for every investor. The valuation of Forex may fluctuate, and, as a result, clients may lose more than their original investment. Above statement act as an idea for reference purposes, kindly perform your own analysis. Trading strategies are used at your own risk.
-Short term bearish trend is expected.
-Stop loss will be placed right above the bearish pin.
-Profit target will be around 1.2220 zone.
DISCLAIMER: Forex trading involves substantial risk of loss and is not suitable for every investor. The valuation of Forex may fluctuate, and, as a result, clients may lose more than their original investment. Above statement act as an idea for reference purposes, kindly perform your own analysis. Trading strategies are used at your own risk.
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.