Hello traders, GBP/USD
is trading at 1.3942. The price is trading in upward resistance and support channel and moving towards resistance level
. If the price rebounds back from resistance level
then it can possibly touch its support level
. So, the entry price for short will be 1.3966, if the price rebounds from resistance level
and its target will be at 1.3911.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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