GBPUSD - Price is currently at a key confluence area

Penjualan

Pound Inggris / Dollar AS (FX:GBPUSD)

FX:GBPUSD Pound Inggris / Dollar AS

I like the idea of shorting this pair in order to catch a retracement before we move higher. Price is currently touching the CTL for the third time as well as struggling to break through 1.24200.

Monitor price action on the lower time frame (1hr) to find a set up that reaches your criteria. Price is currently forming a spinning top on the 4hr

TP: 1.22500

SL: 1.24800

R:R 2.43

Good Luck! Please keep Risk management in mind when looking to open a postion

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