Should price action for the GBPUSD remain inside the 1.6080 to 1.6120 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 1.6100
- Take Profit Zone: 1.6730 – 1.6770
- Stop Loss Level: 1.5860
Should price action for the GBPUSD breakout above 1.6120 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: 1.6730 – 1.6770
- Stop Loss Level: 1.5860
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: 1.5830 – 1.5870
- Stop Loss Level: 1.6250
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