Should price action for the GBPUSD remain inside the 1.6790 to 1.6830 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 1.6810
- Take Profit Zone: 1.7120 – 1.7160
- Stop Loss Level: 1.6630
Should price action for the GBPUSD breakout above 1.6830 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ Retracements in the trend; buy orders during dips
- Take Profit Zone: 1.7120 – 1.7160
- Stop Loss Level: 1.6630
Should price action for the GBPUSD breakdown below 1.6790 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 1.6780
- Take Profit Zone: 1.6640 – 1.6670
- Stop Loss Level: 1.6850
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