Strifor || GBPUSD-30/05/2024
Preferred direction: SELL
Comment: The British pound has almost the same setup for selling as the euro. For now, we are putting all purchases aside, and in the near future, a further fall is expected towards the level of 1.26000, just above which we fix the target for this short.
The most likely scenario №1 speaks of selling at current prices, one can try small stop losses, and it is better to re-enter. That is, this is an intraday trade. Scenario №2 involves shorting after a deeper pullback towards the 1.27500 level, but this is a very unlikely potential maneuver.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: The British pound has almost the same setup for selling as the euro. For now, we are putting all purchases aside, and in the near future, a further fall is expected towards the level of 1.26000, just above which we fix the target for this short.
The most likely scenario №1 speaks of selling at current prices, one can try small stop losses, and it is better to re-enter. That is, this is an intraday trade. Scenario №2 involves shorting after a deeper pullback towards the 1.27500 level, but this is a very unlikely potential maneuver.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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