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CollegeofPips

GBP/USD Potential Downward Movement

Short
Livre sterling / Dollar américain (OANDA:GBPUSD)  
CollegeofPips  
OANDA:GBPUSD   Livre sterling / Dollar américain
Pivot Points Supply and Demand Support and Resistance Forex Technical Analysis topdownanaylisis priceaction Fibonacci Retracement fakebreakout
33
11
pivotpoints supplyanddemand supportandresistance forex technicalanalysis topdownanaylisis priceaction fibonacciretracement fakebreakout
💡 Trade Idea

📉 Sell Stop GBP/USD @ 1.3305

🎯 Target Profit 1.3148

🛑 Stop Loss 1.3383

❌ Do not risk more than 1% of your account on each trade

🙂 Good Luck!

The price failed to break and close above the 1.3398 level. Our expectation is a potential reversal by breaking the blue trendline and then higher correction towards the highlighted white zone, and from this level a move to the 1.3148 mark.

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