GBP/USD Daily Trendline Breakout Analysis
Updated
The GBP/USD pair has broken below a significant ascending trendline on the daily timeframe, indicating potential bearish momentum. With this technical setup, the price may continue to decline, targeting the 1.20 level, while a stop loss is set at 1.27 to manage risk. This analysis highlights a possible trading opportunity based on the recent price action and trendline behavior.
Disclaimer: This is not financial advice but simply a sharing of my personal trading plan. Always do your own research and consider your risk tolerance before making any trading decisions.
Disclaimer: This is not financial advice but simply a sharing of my personal trading plan. Always do your own research and consider your risk tolerance before making any trading decisions.
Trade closed: target reached
Disclaimer
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