FX.co - Trading tips for GBP/USD

8 March 2023 at 12:27PM (UTC+0)

Relevance until9 March 2023 at 12:01PM (UTC+0)

The trading strategy presented on March 2 intended to bring the price of GBP/USD down in the weekly (W1) chart.

Trading tips for GBP/USD

That is exactly what happened yesterday when the pair fell sharply and the quotes hit the target levels.

Trading tips for GBP/USD

Congratulations to all those who followed the plan! The pair moved by as much as 2,000 pips.

Bears may now close their positions for profits.

The trading idea was based on the "Price Action" and "Stop hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.

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

Analytical expert

Andrey Shevchenko

FX.co ★ Trading tips for GBP/USD