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FX.co ★ Tips for trading GBP/USD

Tips for trading GBP/USD

Buyers became trapped with stop orders below the weekly level of 1.26.

Tips for trading GBP/USD

In this situation, the best thing to do should be considering short positions with stop-loss set at 1.2684. Take profit upon the breakdown of 1.2600.

Tha trading idea follows the framework of the "Price Action" and "Stop Hunting" strategies.

Good luck in trading and don't forget to control the risks! Have a nice day.

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