GBPUSD Bearish White Swan And Short Setup
We have published our forecast yesterday. Cable remains bearish below 1.32800.
Bearish White Swan pattern completed at 1.32560 on M30 Chart.
Our Trade Setup:
Time Frame: M30
Trade Period: Intrada Day
Estimated completion time: 4 – 16 M30 CANDLESTICK
The trend in the Timeframe: Bearish
The trend in the Daily Chart: Bullish
Trade Based On: Bearish White Swan
The accuracy of the pattern: 86 %
Recommended Lot Size: 0.10 at 10K
Area of the Entry: 1.3242 – 1.32560
Stop Loss: Above 1.32800
Target 1: 1.32140 / Update TP1 Reached. Take some profit and move SL to entry.
Target 2: 1.3200 / Reached
Target 3 : 1.32800 / Reached
Target 4: 1.32550
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
GBPUSD: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility