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GBPUSD SELL (initially) 4 Hour - 05/02/2023
Hello Traders
It looks like the GBPUSD will continue Friday downwards momentum initially down to 1.18837, where it has been tested previously. At this point I will be looking for a bullish candle / momentum before considering a buy up to resistance level 1.23107 all the way up to 1.24000.
Be careful though, it may test and bounce back up at 1.20204, wait for it to break this support before putting a trade on.
SCALP
--------
TP1 - 1.20368 - SCALP
TP2 - 1.19602 - SCALP
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GBPUSD SELL 1.19931
-------------------------------
TP3 - 1.18837
SL: 1.20883
Around 1.18837 I will be looking for a bullish setup to retest 1.23107 up to 1.24000.
Good Luck, Happy Trading.
P.s. I hope it does go up I have two buys on at 1.23684 and 1.23732.
It looks like the GBPUSD will continue Friday downwards momentum initially down to 1.18837, where it has been tested previously. At this point I will be looking for a bullish candle / momentum before considering a buy up to resistance level 1.23107 all the way up to 1.24000.
Be careful though, it may test and bounce back up at 1.20204, wait for it to break this support before putting a trade on.
SCALP
--------
TP1 - 1.20368 - SCALP
TP2 - 1.19602 - SCALP
-------------------------------
GBPUSD SELL 1.19931
-------------------------------
TP3 - 1.18837
SL: 1.20883
Around 1.18837 I will be looking for a bullish setup to retest 1.23107 up to 1.24000.
Good Luck, Happy Trading.
P.s. I hope it does go up I have two buys on at 1.23684 and 1.23732.
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