Good afternoon traders! A trading idea for the GBP / USD pair.
The "Price Action" strategy outlines a bearish mood for the GBP / USD pair. So, from a pullback, open long positions according to the plan below:
H1 chart:
Use the round level 1.23 as a reference level for buy positions.
The long scenario will be canceled if the quotes break out from yesterday's absorption.
The target profit-taking levels are: 1.23600, 1.24 and 1.26500.
Good luck!
