Should price action for the GBPUSD remain inside the 1.7020 to 1.7060 zone the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ 1.7040
- Take Profit Zone: 1.6720 – 1.6760
- Stop Loss Level: 1.7130
Should price action for the GBPUSD breakdown below 1.7020 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 1.6720 – 1.6760
- Stop Loss Level: 1.7130
Should price action for the GBPUSD breakout above 1.7060 the following trade set-up is recommended:
- Timeframe H4
- Recommendation: Long Position
- Entry Level: Long Position @ 1.7070
- Take Profit Zone: 1.7170 – 1.7200
- Stop Loss Level: 1.7020
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