Should price action for the GBPUSD remain inside the 1.6120 to 1.6160 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 1.6140
- Take Profit Zone: 1.6820 – 1.6860
- Stop Loss Level: 1.5920
Should price action for the GBPUSD breakout above 1.6160 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: 1.6820 – 1.6860
- Stop Loss Level: 1.5920
Should price action for the GBPUSD breakdown below 1.6120 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 1.6110
- Take Profit Zone: 1.5860 – 1.5900
- Stop Loss Level: 1.6240
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