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15.01.202113:13 Forex Analysis & Reviews: Trading idea for GBP/USD

Exchange Rates 15.01.2021 analysis

Very weak economic data came out from the UK this morning.

Exchange Rates 15.01.2021 analysis

As a result, GBP / USD traded near a price level of 1.37.

Exchange Rates 15.01.2021 analysis

Taking this into account, it is best to open short positions today, following this strategy:

Exchange Rates 15.01.2021 analysis

In the daily chart, set up sell positions to 1.36 after a pullback. But if the quote undergoes a true breakout (at 1.36), hold positions up to 1.34.

Aside from that, risks are needed to be monitored to avoid losing money. Trading is very precarious, but also profitable if the approach used is correct.

The strategy above uses Price Action and Stop Hunting methods.

Good luck!

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Andrey Shevchenko,
分析专家
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