Trading Strategy Ideas
Long Position: Consider a buy entry if GBP/USD closes above the trendline resistance with momentum, targeting 1.3040 - 1.3050 as the next resistance. A stop-loss below the 1.2950 support would reduce risk.
Short Position: If the price gets rejected at the resistance and breaks below 1.2950, a short position could be viable, aiming for the next support at around 1.2800 or lower.
Long Position: Consider a buy entry if GBP/USD closes above the trendline resistance with momentum, targeting 1.3040 - 1.3050 as the next resistance. A stop-loss below the 1.2950 support would reduce risk.
Short Position: If the price gets rejected at the resistance and breaks below 1.2950, a short position could be viable, aiming for the next support at around 1.2800 or lower.
Trade closed: target reached
target reached! with 250pips gained
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🚀 Unlock Freemium Indicators, In-Depth Technical Analysis, and Daily Economic Insights –> Join Our Exclusive I.R.M.O.C. Community on Telegram Today! LINK BELLOW 🚀
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.