GBPUSD: Intraday Potential Setup

FX:GBPUSD   British Pound / U.S. Dollar
Similar to the AUDUSD             pair, price broke and closed below the previous structure level. We will be looking for a short opportunity should price retrace back to the 1.5850 region, with an aggressive stops just above the 1.5880 level; and a more conservative stops above the 1.5910 level. Target can be placed at the 1.5800 level and second target at the 1.5765 level.

I would love to hear your opinion, feel free to comment, agree or disagree.


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