**GBP/USD Sell Trade Plan** based on My levels:
### **Trade Setup**
- **Entry:** **1.33000** (Sell Limit or Market Order if price reaches)
- **Stop Loss (SL):** **1.34500** (150 pips risk)
- **Take Profit 1 (TP1):** **1.27000** (600 pips gain)
- **Take Profit 2 (TP2):** **1.25000** (800 pips gain)
### **Risk-Reward Ratio**
- **TP1:** **1:4** (600 pips gain / 150 pips risk)
- **TP2:** **1:5.3** (800 pips gain / 150 pips risk)
### **Key Considerations**
1. **Technical Confirmation Needed:**
- Check if GBP/USD is rejecting **1.33000** (resistance) with a bearish candlestick pattern (e.g., pin bar, engulfing).
- Look for RSI/MACD divergence or downtrend confirmation.
2. **Support Levels to Watch:**
- **1.30000** (Major psychological support)
- **1.28500-1.28000** (Previous swing lows)
3. **Fundamental Risks:**
- **UK Economic Data (CPI, BoE Rate Decisions)** – Hawkish BoE could strengthen GBP.
- **US Dollar Weakness (Fed Rate Cuts?)** – Dovish Fed could weaken USD, pushing GBP/USD higher.
4. **Trade Management Tips:**
- **Partial Close at TP1 (1.27000)** – Secure 600 pips profit.
- **Move SL to Breakeven** – Once price moves favorably (e.g., below 1.31000).
- **Trailing Stop for TP2** – If trend remains bearish, consider trailing stop to maximize gains.
### **Final Verdict**
- **High-Reward, But High Risk** – 150-pip SL is tight if volatility spikes.
- **Wait for Bearish Confirmation** – Avoid selling into a ranging or bullish market.
Would you like a **chart analysis** or an update on GBP/USD fundamentals before executing?
### **Trade Setup**
- **Entry:** **1.33000** (Sell Limit or Market Order if price reaches)
- **Stop Loss (SL):** **1.34500** (150 pips risk)
- **Take Profit 1 (TP1):** **1.27000** (600 pips gain)
- **Take Profit 2 (TP2):** **1.25000** (800 pips gain)
### **Risk-Reward Ratio**
- **TP1:** **1:4** (600 pips gain / 150 pips risk)
- **TP2:** **1:5.3** (800 pips gain / 150 pips risk)
### **Key Considerations**
1. **Technical Confirmation Needed:**
- Check if GBP/USD is rejecting **1.33000** (resistance) with a bearish candlestick pattern (e.g., pin bar, engulfing).
- Look for RSI/MACD divergence or downtrend confirmation.
2. **Support Levels to Watch:**
- **1.30000** (Major psychological support)
- **1.28500-1.28000** (Previous swing lows)
3. **Fundamental Risks:**
- **UK Economic Data (CPI, BoE Rate Decisions)** – Hawkish BoE could strengthen GBP.
- **US Dollar Weakness (Fed Rate Cuts?)** – Dovish Fed could weaken USD, pushing GBP/USD higher.
4. **Trade Management Tips:**
- **Partial Close at TP1 (1.27000)** – Secure 600 pips profit.
- **Move SL to Breakeven** – Once price moves favorably (e.g., below 1.31000).
- **Trailing Stop for TP2** – If trend remains bearish, consider trailing stop to maximize gains.
### **Final Verdict**
- **High-Reward, But High Risk** – 150-pip SL is tight if volatility spikes.
- **Wait for Bearish Confirmation** – Avoid selling into a ranging or bullish market.
Would you like a **chart analysis** or an update on GBP/USD fundamentals before executing?
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
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Gold Signal's with proper TP & SL for high profit opportunities..
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
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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.
📲 Join telegram channel free ..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
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.