GBPUSD H4 | Bearish Drop OffGBP/USD has reacted off the sell entry, which is a pullback resistance, and could drop from this level to the take profit.
Sell entry is at 1.3432, which is a pullback resistance.
Stop loss is at 1.3526, which is a pullback resistance that aligns with the 50% Fibonacci retracement.
Take profit is at 1.3337, which is a multi swing low support.
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
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