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Trading idea for the GBP/USD pair

Trading idea for the GBP/USD pair

Good afternoon traders! A new trading idea for the GBP / USD pair.

Currently, the bullish trend of the GBP / USD pair has slowed down, forming a Head and Shoulders pattern above the price level of 1.3.

Trading idea for the GBP/USD pair

Trade short positions to complete it, as such will push the quotes past the round and psychologically important level of 1.3.

The target movement is 800-1,000 pips, with a target profit at a price level of 1.2980.

This will be relevant until the quote breaks out of yesterday's top at 1.13200-1.31300.

Price Action and Stop Hunting strategies were used to formulate this idea.

Good luck!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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