It's been a while since I've posted a GBPUSD update, but here it is. With patience comes reward, and right now I believe we are due for a downwards movement.
Price has broken our critical 1.27 structure, and is now back to retest it before the continuation.
Our first target will be the daily demand zone at 1.24, and our next one will be at the demand zone underneath it, at 1.21.
Consider locking in some profits when TP1 is hit, and move your stop loss to break-even in the second half position, aiming for TP2.
Of course lies ahead a bunch of fundamentals which could impact our technical analysis, which is never under our control, but so long as proper risk management is set in place and consistency is our focus, that is not a problem.
Price has broken our critical 1.27 structure, and is now back to retest it before the continuation.
Our first target will be the daily demand zone at 1.24, and our next one will be at the demand zone underneath it, at 1.21.
Consider locking in some profits when TP1 is hit, and move your stop loss to break-even in the second half position, aiming for TP2.
Of course lies ahead a bunch of fundamentals which could impact our technical analysis, which is never under our control, but so long as proper risk management is set in place and consistency is our focus, that is not a problem.