Should price action for the GBPUSD remain inside the 1.6600 to 1.6650 zone the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ 1.6640
- Take Profit Zone: 1.6940 – 1.6970
- Stop Loss Level: 1.6540
Should price action for the GBPUSD breakout above 1.6650 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ Retracements in the trend; buy orders during dips
- Take Profit Zone: 1.6940 – 1.6970
- Stop Loss Level: 1.6540
Should price action for the GBPUSD breakdown below 1.6600 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ 1.6575
- Take Profit Zone: 1.6500 – 1.6525
- Stop Loss Level: 1.6600
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