KABHI_FOREX_TRADING

Gbp/Usd (Wedge) Intraday Analysis

Short
FX:GBPUSD   British Pound / U.S. Dollar
The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours.

Key Points:

Sell Entry: Consider entering a short position around the current price of 1.2806, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 1.2763
2nd Support – 1.2735

Stop-Loss: To manage risk, place a stop-loss order above 1.2850. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.

Thank you.
Trade active
Comment:

👉👉 Join My Telegram Channel :

✳️✳️ Free Forex Signals & Technical Chart : telegram.me/kabhifx


📞📞Whatsapp me @ (+91) 97888-12123
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.