How BIRTISH PoUnd will react
Instrument: [GBPUSD]
Time Frame: H4 Chart
Observations:
1. Consolidation Movements were find in a downward trend with in strong resistance and support zone
2. Inverse Flag Chart pattern has also observed indicating further downward momentum
3. We will see break down at support zone in a short time because volume is in a high position
4. Fast E.M.A has crossed the slow E.M.A from upside to downward indicating bearish trend
Trading Strategy:
In this trade Our Risk Reward Ratio will be (1:5)
Enter trades as market will arrive on 1.29737
Take Profit1 = 1.29437
Take Profit2 = 1.29137
Take Profit3 = 1.28835
Stop Loss = 1.30000
Time Frame: H4 Chart
Observations:
1. Consolidation Movements were find in a downward trend with in strong resistance and support zone
2. Inverse Flag Chart pattern has also observed indicating further downward momentum
3. We will see break down at support zone in a short time because volume is in a high position
4. Fast E.M.A has crossed the slow E.M.A from upside to downward indicating bearish trend
Trading Strategy:
In this trade Our Risk Reward Ratio will be (1:5)
Enter trades as market will arrive on 1.29737
Take Profit1 = 1.29437
Take Profit2 = 1.29137
Take Profit3 = 1.28835
Stop Loss = 1.30000
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