Weekly chart shows the possibility of a big correction in GBPUSD
GBP/USD is in a historical resistance level. The recent rally has stopped at this
historical resistance. So, there is a possibility of a big correction in GBP/USD.
Since, we are looking at the weekly chart, it may take many weeks to play out.
Nevertheless, the current scenario gives us a good opportunity to sell GBP/USD at
this strong resistance level with a big TP and small SL.
So, keep an eye on the smaller time frame and watch out for bearish price action.
Selling between 1.4100-1.4300 with SL above 1.4400 and TP at 1.33 based on the
weekly chart is a good idea.
historical resistance. So, there is a possibility of a big correction in GBP/USD.
Since, we are looking at the weekly chart, it may take many weeks to play out.
Nevertheless, the current scenario gives us a good opportunity to sell GBP/USD at
this strong resistance level with a big TP and small SL.
So, keep an eye on the smaller time frame and watch out for bearish price action.
Selling between 1.4100-1.4300 with SL above 1.4400 and TP at 1.33 based on the
weekly chart is a good idea.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.