GBPUSD OUTLOOK
Price trading inside bearish channel and is approaching a key order block, thus creating a potential opportunity for a sell.
Impulse Short entries can be taken once price rejects that region.
The confirmations are the SBR zone, the Trendline Breakout m and the SnD.
Let’s hope that the price will go to our sell zone first before going down to the Support zone.
We had our sells set up with potential downside in the R:R ratio of 1:3
GBPUSD
SELL LIMIT ORDER
RR 1:3
EP: 1.20900
SL: 1.21200 (30 pips)
TP: 1.20170 (73 pips)
Price trading inside bearish channel and is approaching a key order block, thus creating a potential opportunity for a sell.
Impulse Short entries can be taken once price rejects that region.
The confirmations are the SBR zone, the Trendline Breakout m and the SnD.
Let’s hope that the price will go to our sell zone first before going down to the Support zone.
We had our sells set up with potential downside in the R:R ratio of 1:3
GBPUSD
SELL LIMIT ORDER
RR 1:3
EP: 1.20900
SL: 1.21200 (30 pips)
TP: 1.20170 (73 pips)