Should price action for the GBPUSD remain inside the 1.5800 to 1.5850 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 1.5825
- Take Profit Zone: 1.6825 – 1.7000
- Stop Loss Level: 1.5525
Should price action for the GBPUSD breakout above 1.5850 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: 1.6825 – 1.7000
- Stop Loss Level: 1.5525
Should price action for the GBPUSD breakdown below 1.5800 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 1.5775
- Take Profit Zone: 1.5500 – 1.5575
- Stop Loss Level: 1.5850
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