GBP/USD Trade Plan(Entry, SL and TP), time for pullback?
Hello traders! GBP/USD is in a downtrend for more than two months now.
However, that could change very soon. With FOMC coming up in a few hours,
a trend change could be on the cards for GBP/USD and other USD pairs.
📌1.2310-1.2325 is the area that I would be looking at for potential reversals.
📌If the level holds and we can see some bullish impulsive candles forming at
this level, we can consider buy trades.
📌A buy entry in GBP/USD @1.2310-1/2325 with SL below 1.2260 and initial
TP at 1.2610 would be my potential trade if GBP/USD doesn't break the 1.2310 key level.
However, that could change very soon. With FOMC coming up in a few hours,
a trend change could be on the cards for GBP/USD and other USD pairs.
📌1.2310-1.2325 is the area that I would be looking at for potential reversals.
📌If the level holds and we can see some bullish impulsive candles forming at
this level, we can consider buy trades.
📌A buy entry in GBP/USD @1.2310-1/2325 with SL below 1.2260 and initial
TP at 1.2610 would be my potential trade if GBP/USD doesn't break the 1.2310 key level.
Comment:
Waiting to see if GBPUSD reaches the 1.2310 level
Comment:
As I mentioned multiple times, 1.2310 has been visited. This is the beauty of key levels