Sell GBP/USD Triangle Formation

17 thg 7The GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.

Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2970.

Target Levels:
1st Support – 1.2910
2nd Support – 1.2874

Stop-Loss: To manage risk, place a stop-loss order above 1.2997. This helps limit potential losses if the price falls back unexpectedly.

Thank you.

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Bình luận

Hi Guys,
GBP - CPI Data in Next 30 mins. ⚠️⚠️

Mostly i Take Entry after Breakout Only, but now taken with 30 Pips sl with small risk for CPI data without Breakout..So, Avoid Overtrading. 🟡🟡

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