Strifor || GBPUSD-04/01/2024
Preferred direction: SELL
Comment: Our previous trading idea for the British currency needs adjustments against the backdrop of changes in market volumes. We continue to consider sales, but most likely we should wait for the price near the 1.27500 area, where we will look for potential selling entry points. This resistance area is an area of pushing volumes, that is, a place where a limit seller pushed market buyers down.
It must be said that entry is made only after the entry point has been formed, that is, entering through limit orders will not be the best option. The second scenario is the most powerful but, at the same time, less likely. The target for the fall is at the level of 1.26000.
Thank you for like and share your views!
Comment: Our previous trading idea for the British currency needs adjustments against the backdrop of changes in market volumes. We continue to consider sales, but most likely we should wait for the price near the 1.27500 area, where we will look for potential selling entry points. This resistance area is an area of pushing volumes, that is, a place where a limit seller pushed market buyers down.
It must be said that entry is made only after the entry point has been formed, that is, entering through limit orders will not be the best option. The second scenario is the most powerful but, at the same time, less likely. The target for the fall is at the level of 1.26000.
Thank you for like and share your views!
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