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YourLazyTrader

GBP/USD hourly chart analysis, 1.25 again?

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
YourLazyTrader Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD gbpusdshort gbpusdanalysis
15
1
trendanalysis chartpattern beyondta gbpusd gbpusdshort gbpusdanalysis
Hi traders and the entire Tradingview community! Looking at the hourly
chart in GBP/USD, we can see that the downtrend is still intact.

Price has failed to break the 100-hour exponential moving average. So,
based on this, we can expect GBP/USD to fall to the 1.25 level once again.

Traders can consider selling the rallies in GBP/USD.

Comment:
Not selling anymore. In the 4Hour chart, price is now above the dynamic resistance
Trade active:
Sold@1.2608, fading this spike
Comment:
This trade was closed@1.2518 with 80 Pips profit. Subsequently, we went long from that level
Comment:
Going to my 1.25 level
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