My trade idea on GBPUSD
GBPUSD recently broke structure on the H4 chart. Price is expected to react on the demand zone in the chart. and then retrace to the supply zone above for entry to take the price downward.
entry confirmation on a lower timeframe should be considered to reduce the number of pips as stop loss.
a buy can be attempted from the 1.3650 level and 1.3630 level (this is a short term buy)
A short can be initiated from the 1.3755 level and 1,3800 level with a stop loss at 1.3820.
If you see a different view kindly comment in the comment section. thanks.
entry confirmation on a lower timeframe should be considered to reduce the number of pips as stop loss.
a buy can be attempted from the 1.3650 level and 1.3630 level (this is a short term buy)
A short can be initiated from the 1.3755 level and 1,3800 level with a stop loss at 1.3820.
If you see a different view kindly comment in the comment section. thanks.
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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.