Sell GBP/USD Rising Wedge Breakout

The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours.

Key Points:

Sell Entry: Consider entering a short position around the current price of 1.2755, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 1.2680
2nd Support – 1.2637

Stop-Loss: To manage risk, place a stop-loss order above 1.2785. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.

Thank you.

Handel aktiv:

Today High Impact News :
USD - Nonfarm Payrolls
USD - Unemployment Rate

Kommentera:

My sl - 1.2800

Trade stängt: Stopp nått:

Mixed News from USD, today Price moved Double side.. 🤦🏻‍♂️🤦🏻‍♂️

Next Week We update more Chart & Profit 💰💰