120 Pips profit in GBP/USD, more fall ahead?
Hello traders, in my yesterday's trading idea(idea attached below),
I recommended selling GBP/USD around the 1.2410 level as this
was the 100-day EMA resistance.
As you can see, the price fell strongly after hitting my sell zone. My sell
trades from yesterday are in over 120 Pips profit. I expect price to fall
further. However, I will not enter any new sell trades at the moment.
However, if there is a pullback to the resistance level again, I might consider
selling.
I recommended selling GBP/USD around the 1.2410 level as this
was the 100-day EMA resistance.
As you can see, the price fell strongly after hitting my sell zone. My sell
trades from yesterday are in over 120 Pips profit. I expect price to fall
further. However, I will not enter any new sell trades at the moment.
However, if there is a pullback to the resistance level again, I might consider
selling.
Nota
Took profit on the existing sells. Price getting some support on the hourly mavNota
We have BOE Gov Bailey Speech later in the day. So, that will lead to a lot of volatility.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.