Assumptoion on H4: An H4 candle close below 1.24882 (minor support) confirmed with RSI below 50 will expose 1.2391 as our TP. Buy from 1.2391 with Stop-Loss at 1.2370. If 1.24882 (minor support) is maintained and there is a bounce off, wait for 1.2567 (major resistance) as retest then sell with Stop-Loss at 1.2600.
Assumption on D1: There is a Daily close below 20BB and Major resistance line with RSI indicating a sell for GBPUSD. You can start selling GBPUSD base on D1 Assumption with Stop Loss at 1.2600 or wait for Retest or a H4 candle close below 1.24882. TP: 1.2391
Political: Iran seized British-flagged oil tanker (Sell GBPUSD)
Assumption on D1: There is a Daily close below 20BB and Major resistance line with RSI indicating a sell for GBPUSD. You can start selling GBPUSD base on D1 Assumption with Stop Loss at 1.2600 or wait for Retest or a H4 candle close below 1.24882. TP: 1.2391
Political: Iran seized British-flagged oil tanker (Sell GBPUSD)
Trade active:
Borris Johson won as the Prime Minister. Change TP:1.22770
Trade closed: target reached:
TP reached