Selling the rallies in GBP/USD as long as the resistance holds
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Hello traders, as per my previous trading plan on GBPUSD, our
sell entry at the 1.2410 zone gave us over 170 pips profit as
GBP/USD fell to 1.2240 levels.
Currently, the price is not in an area where we can execute new
sells. So, my plan is to wait for a pullback and see if the price reaches
the resistance level near 1.24.
If the resistance zone holds, we can consider selling GBP/USD again
at 1.24 with 1.2200 as the target.
sell entry at the 1.2410 zone gave us over 170 pips profit as
GBP/USD fell to 1.2240 levels.
Currently, the price is not in an area where we can execute new
sells. So, my plan is to wait for a pullback and see if the price reaches
the resistance level near 1.24.
If the resistance zone holds, we can consider selling GBP/USD again
at 1.24 with 1.2200 as the target.
Nota
Price has dropped 40 pips since I posted
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