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Sell GBPUSD Potential Down TP: 1.30160 | Clear Best Chart Hi guys, it's Babacar J. Diop again nice to see you!
Today I decide to Sell GBPUSD at this level Resistance Area at 1.32422 for Take Profit: 1.30160.
The Trend is Downtrend and also the Brexit Bad News can affect the GBP Pair. I take a risk for 30pips in SL.
Time Fame: 4H
Enjoy!
FACEBOOK THE DUMP IS CLEAR NOWThis couldnt be more clear. Facebook had an ABC retracement up finishing of the C wave. At 174,2. To make it more clear, we have 5 subwaves.
Within the 5th subwave we have 5 sub-subwaves ending at 2.272 extension. Everything is lining up for this dump.
We keep creating lower highs on the RSI, which means we are losing bullish momentum. MACD is also slowly ticking down towards the bearish side.
My SL is set to 174,4
TP: Is at the last support at 150.
Sell GBPUSD Prediction | Best Chart UpdatedIf you want to trade the GBPUSD Pair, the current position of the price remains bearish.
The volume is reducing but sellers are really strong putting the price down more and more.
Our Target TP1: 1.28990, so I advise all of my traders to enter after the breakout of the support as you can see on the chart with only 30pips as SL.
Enjoy!