GBPUSD: Bearish Setup at Key Resistance
After a prolonged downtrend, GBPUSD showed signs of recovery but quickly lost momentum due to a lack of buying strength.
Currently, the pair is trading around 1.2963, approaching a key resistance zone highlighted on the chart. This area is likely to attract strong selling pressure, as it’s firmly in the sights of bearish traders. A selling strategy here could be favorable.
The chart also indicates two target levels for this potential downtrend. In the short term, my preference is to adopt a sell strategy.
What about you? How would you trade this setup?
Currently, the pair is trading around 1.2963, approaching a key resistance zone highlighted on the chart. This area is likely to attract strong selling pressure, as it’s firmly in the sights of bearish traders. A selling strategy here could be favorable.
The chart also indicates two target levels for this potential downtrend. In the short term, my preference is to adopt a sell strategy.
What about you? How would you trade this setup?
Join My Signal Group Now and Unlock Exclusive Benefits:
t.me/+JhTJveorOQtjZTVl
📈 Real-Time Signal Updates
📚 In-Depth Trading Knowledge
💼 Capital Management and Exciting Trading Tips:
t.me/+JhTJveorOQtjZTVl
📈 Real-Time Signal Updates
📚 In-Depth Trading Knowledge
💼 Capital Management and Exciting Trading Tips:
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.