empty
 
 
04.08.2022 11:28 PM
GBPUSD trading idea is a bull's trap

Currency traders reacted with the collapse of the GBPUSD pair, generating a powerful short momentum, which left a curious platform for bulls to hunt for according to the following scheme:

This image is no longer relevant

Greetings, dear traders! I present to you a trading idea for GBPUSD.

Today, for the first time in 40 years, the Bank of England raised the rate by 50 bps, to 1.75%, and warned of the threat of a prolonged recession

This image is no longer relevant

Currency traders reacted with the collapse of the GBPUSD pair, generating a powerful short momentum, which left a curious platform for bulls to hunt for according to the following scheme:

This image is no longer relevant

In fact, we have a three-wave structure of "ABC", where the short initiative on the BoE rate acts as wave A.

I propose to consider short positions with a rollback of 50% on Fibo according to the scheme shown above.

The risks are limited to 1.22. The profit should be consolidated at the breakdown of 1.20600.

The trading idea is presented within the framework of the "Price Action" and "Stop Hunting" methods.

Good luck in trading and control the risks!

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback