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GBP/USD Potential Downward Movement

GBP/USD Long-Term Trend: Bearish

Key Resistance Levels: 1.3105, 1.3186, 1.3262

Key Support Levels: 1.2978, 1.2907, 1.2790

Daily Time-frame:

The price on the higher time frame has been in a downtrend for months. The pair recently attempted a trend reversal but faced rejection around the 1.3293 level. The price continued the trend after doing a retest of another resistance level of 1.3175

GBP/USD Medium-Term Trend: Bearish

1-Hour Time-frame:

On the lower time frame, the price is moving in the major trend direction. The pair broke the lower trading range of 1.3086 and continued the downside movement. The price has then retested that level and picked up momentum again.

Signal Idea:

Sell Limit Order @ 1.3044

TP 1 @ 1.2993

TP 2 @ 1.2942

Stop Loss @ 1.3095

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

4 comments

  1. Hi, I’m new to following your signals. How do you aim for both profit targets? Are you using a trailing stop loss? How do I aim for both targets?

  2. Hello hi ,Makau hear from SA .I just found you recently on YouTube you were showing us how much money you made on using MA 50,MA 25 and MACD..that was awesome I immediately join you Telegram. Today is my first day of using your signal GBP USD.to tell the truth ever since I started trading I never saw myself in a big profit .I’m over the moon, wish I can see you and say thank you and you are God send indeed ‘# poverty must fall. I’m newbie in this world of trading

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