Should price action for the GBPUSD remain inside the 1.7000 to 1.7040 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 1.7020
- Take Profit Zone: 1.6300 – 1.6340
- Stop Loss Level: 1.7150
Should price action for the GBPUSD breakdown below 1.7000 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 1.6300 – 1.6340
- Stop Loss Level: 1.7150
Should price action for the GBPUSD breakout above 1.7040 the following trade set-up is recommended:
- Timeframe D1
- Recommendation: Long Position
- Entry Level: Long Position @ 1.7050
- Take Profit Zone: 1.7150 – 1.7180
- Stop Loss Level: 1.6990
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