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FX.co ★ Trading idea for GBP/USD

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Forex Analysis:::2021-07-19T11:03:43

Trading idea for GBP/USD

As expected, GBP / USD decreased in price and hit the target levels presented in the trading idea last June 23 .

The plan was to open short positions in order to push the price down:

Trading idea for GBP/USD

The first target was reached last July 1:

Trading idea for GBP/USD

And the second target is 1.36500.

Trading idea for GBP/USD

For those who were unable to follow the plan, refrain from opening long positions, at least until a false breakout at 1.36500.

This follows the framework of Price Action and Stop Hunting strategies.

Good luck!

Analyst InstaForex
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