Hello and good time,
In the GBP/USD currency pair on the 4-hour timeframe, we can consider a short trade.
As shown in the chart, I have highlighted two possible price movement patterns:
1) If the price initially reaches its red base, you can enter the trade if there is a trigger.
2) If the price initially reaches its green support base and then touches the red area, the short trade becomes very high-risk and it is better not to enter.
I hope you are healthy and profitable wherever you are.
In the GBP/USD currency pair on the 4-hour timeframe, we can consider a short trade.
As shown in the chart, I have highlighted two possible price movement patterns:
1) If the price initially reaches its red base, you can enter the trade if there is a trigger.
2) If the price initially reaches its green support base and then touches the red area, the short trade becomes very high-risk and it is better not to enter.
I hope you are healthy and profitable wherever you are.
Orden cancelada:
Based on the point and figure pattern, the GBP/USD has moved. However, considering the touch of the green support base, the risk of a short trade has increased. Nevertheless, you still have the option to enter by halving your position size on the red resistance base, thereby reducing your risk.😎😎
Orden cancelada:
Dear friends,
Due to the initial drop of the pound against the dollar, the short trade we entered became riskier, and in the update signal, we announced the cancellation of the short order.
However, the short trade was activated again and reached its full target.
Due to the initial drop of the pound against the dollar, the short trade we entered became riskier, and in the update signal, we announced the cancellation of the short order.
However, the short trade was activated again and reached its full target.