GBPUSD- Overall trend Down - Recommend sell
The GBP/USD timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.30841
Target Levels:
1st Support-1.29873
2nd Support-1.28932
3st Support-1.28020
4st Support-1.26844
Stop-Loss: To manage risk, place a stop-loss order above 1.31471. This helps limit potential losses if the price falls back unexpectedly.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.30841
Target Levels:
1st Support-1.29873
2nd Support-1.28932
3st Support-1.28020
4st Support-1.26844
Stop-Loss: To manage risk, place a stop-loss order above 1.31471. This helps limit potential losses if the price falls back unexpectedly.
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