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FX.co ★ Tips for trading GBP/USD

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Forex Analysis:::2023-10-18T01:04:02

Tips for trading GBP/USD

Tips for trading GBP/USD

The intrigue in GBP/USD is the seller's area at the level of 1.2223, which may be approached according to this scenario.

Tips for trading GBP/USD

Looking at the three-wave pattern (ABC) where wave A represents yesterday's short momentum, traders could considering short positions with a 50% retracement from the level of 1.211. Take profit upon the breakdown of 1.2223.

Tips for trading GBP/USD

The trading idea follows the framework of the "Price Action" and "Stop Hunting" strategies.

Good luck in trading and don't forget to control the risks! Have a nice day.

Analyst InstaForex
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