GBPUSD | Might Lose Strong Support
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Initiate Short.
Entry - 1.29109
TP1 - 1.28213
TP2 - 1.27347
TP3 - 1.25466
TP4 - 1.24272
TP5 - 1.23227
TP6 - 1.22122
SL - 1.29407
Reason: Price is sitting on a Strong Horizontal Support and in case the one is broken than sharp decline is expected. Please consider initiate a position on a confirmed breakout of support level.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
Initiate Short.
Entry - 1.29109
TP1 - 1.28213
TP2 - 1.27347
TP3 - 1.25466
TP4 - 1.24272
TP5 - 1.23227
TP6 - 1.22122
SL - 1.29407
Reason: Price is sitting on a Strong Horizontal Support and in case the one is broken than sharp decline is expected. Please consider initiate a position on a confirmed breakout of support level.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
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