Should price action for the GBPUSD remain inside the 1.6820 to 1.6860 zone the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ 1.6840
- Take Profit Zone: 1.6580 – 1.6630
- Stop Loss Level: 1.6940
Should price action for the GBPUSD breakdown below 1.6820 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 1.6580 – 1.6630
- Stop Loss Level: 1.6940
Should price action for the GBPUSD breakout above 1.6860 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ 1.6870
- Take Profit Zone: 1.6990 – 1.7030
- Stop Loss Level: 1.6800
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