Gbpusd - Daily - Uptrend is over on this pair and the bear hook is nearly complete.. expect a sharp sell off in this pair in the coming weeks and months possibly down to parity as dollar resumes its rally.
no....theres weekly ob just above....let it rise more and sell in feb
Hammoud8721
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Don’t sell below 1.26, and the probability of reaching your target is extremely low!! There’s more probability of price going higher up to 1.42 than going all the way back down to all time low levels, check the monthly timeframe and zoom out completely, you’ll see that your sell position is actually at a very low price relative to monthly structure, that is if you want to take 20k pip positions
abm-trading
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@Hammoud8721 I’m also looking at dollar index and that’s at a peak monthly demand atm