GBPUSD - Inverted Cup and Handle - Targets Approaching
As elaborated in my previous article regarding the bearish picture of GBPUSD, Cable is entering its target region that extends as far as 1.2700.
Call it a turn of events owing to the Russo-Ukraine conflict, but cable is following the analysis from my previous post tagged in this article.
No sign of reversal spotted so far, so we are good in short position!
Day traders attention!
Look for daily pivots and weekly fibonacci retracement for potential stop loss prices and daily targets. We are good on siding with bears so far. Avoid long positions.
Ensure proper risk management and manage lot size accordingly.
Happy trading and happier profits!
Call it a turn of events owing to the Russo-Ukraine conflict, but cable is following the analysis from my previous post tagged in this article.
No sign of reversal spotted so far, so we are good in short position!
Day traders attention!
Look for daily pivots and weekly fibonacci retracement for potential stop loss prices and daily targets. We are good on siding with bears so far. Avoid long positions.
Ensure proper risk management and manage lot size accordingly.
Happy trading and happier profits!
