tradafx

Wait for the price to retrace and confirm the downtrend with GBP

Short
OANDA:GBPUSD   Livre sterling / Dollar américain
H4 time frame.
Structure: The bullish structure has been broken.
The price was strong down after a successful retest at 1.38000.
After the price breaks the support of 1.37300, it is possible that the price will appear a retracement to the 1.38000 and continue to down.
Wait for the price to retrace to this level and a sell setup appears, then you can trade with GBPUSD.
Profit target is 1.36000 zone.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!

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.