Deeppoketz

GBPUSD Forecast - is Bearish/Sell!

Short
FX:GBPUSD   British Pound / U.S. Dollar
Dear traders,

Here is your GBPUSD Focus for today;
According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the GBP stands at “4”, and the USD stands at “7”, meaning that the USD is stronger than the GBP, thus only looking for BEARISH/SELL opportunities on this pair. NB: These reading fluctuate from time to time.

Our 1st SELL Limit is placed at 1.3949 (with a 1% risk position size)
Our 2nd SELL Limit is placed at 1.3935 (with a 1% risk position size), totaling a 2% risk, should both positions get filed.

Our final Take profit is placed at 1.3795
Our Stop Loss is placed at 1.3980

This is a 140 PIPS trade - Risk Reward 1:4
Chart Timeframe; H4

Thank you. Like & Subscribe.
Trade Smartly.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.