BEAR MAY TAKE CONTROL FOR WHILE ON GBPUSD (11 DEC 2022)
Educational Analysis says GBPUSD may go SHORT. According to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why SHORT?
On the 1HR timeframe, the pair is about to reach on supply zone.
After that, it may go down to 1.19212.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS
HOW TO TAKE ENTRY ON THIS?
I would suggest that if the price reaches the supply zone, I would put a sell limit order with a 46.7 risk-reward ratio.
As the price would move down I would post a comment on new trade entries with a good risk-reward ratio.
SELL LIMIT ENTRY:- 1.23366
STOP LOSS:- 1.23455
TAKE PROFIT:- 1.19212
RISK-REWARD RATIO IS 46.7.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why SHORT?
On the 1HR timeframe, the pair is about to reach on supply zone.
After that, it may go down to 1.19212.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS
HOW TO TAKE ENTRY ON THIS?
I would suggest that if the price reaches the supply zone, I would put a sell limit order with a 46.7 risk-reward ratio.
As the price would move down I would post a comment on new trade entries with a good risk-reward ratio.
SELL LIMIT ENTRY:- 1.23366
STOP LOSS:- 1.23455
TAKE PROFIT:- 1.19212
RISK-REWARD RATIO IS 46.7.