Basit-Abdul
Short

GBPUSD - POSSIBLE SHORT FROM PYCHOLOGICAL LEVEL 1.3200

FX:GBPUSD   British Pound / U.S. Dollar
Previous month has illustrated a ranging market. Breakthrough has occurred in the recent days and is slowly approaching psychological level of 1.3200 in which a possible rejection could occur.

This particular zone has also been proven to be a strong resistance several times this year.

SELL LIMIT order placed at 1.3200.
Trade active: SELL LIMIT EXECUTED AT 1.3200.

Rejection had occurred on the zone as predicted. Currently on 90+ Pip profit.
Trade closed: target reached

Comments

Very accurate analysis. Congratulations. 👍
+1 Reply
Basit-Abdul meszaros
Thank you @meszaros. Despite expecting bearish movement to occur, it seems as though the pair moved before it could reach the proposed level of 1.3200. However thank you!
Reply
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