Strifor || GBPUSD-22/11/2023
Preferred direction: SELL
Comment: The British demonstrated itself perfectly against the backdrop of the weakness of the dollar at the moment, the previous idea has completely worked out. Now a setup for shorts is already being formed. We are looking for a potential entry point at level 1.25279.
There are two scenarios for the development of events, and according to the main scenario, the currency pair will correct downward from current levels. The target for the fall is located around the level of 1.24500.
There is a small probability regarding the second scenario, in which a false movement is expected at the level of 1.25600. That is, after updating the local maximum, the instrument will also go down. The target remains the same.
Thank you for like and share your views!
Comment: The British demonstrated itself perfectly against the backdrop of the weakness of the dollar at the moment, the previous idea has completely worked out. Now a setup for shorts is already being formed. We are looking for a potential entry point at level 1.25279.
There are two scenarios for the development of events, and according to the main scenario, the currency pair will correct downward from current levels. The target for the fall is located around the level of 1.24500.
There is a small probability regarding the second scenario, in which a false movement is expected at the level of 1.25600. That is, after updating the local maximum, the instrument will also go down. The target remains the same.
Thank you for like and share your views!
Trade closed: target reached
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