Sell GBP/USD Channel Breakout

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The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel 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 1.2675, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 1.2635
2nd Support – 1.2610

Stop-Loss: To manage risk, place a stop-loss order above 1.2703. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.

Thank you.
交易進行
註釋
快照

In Good Profit
註釋
快照

Our 1st Target reached
交易進行
with Good Profit
交易結束:目標達成
channelbreakChart PatternsDXYfundamental-analysisGBPGBPUSDgbpusdshortTechnical IndicatorssupportandresistancezonesTrend AnalysisUSDDJ FXCM Index

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