Facebook
 
 

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!

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Andrey Shevchenko,
Chuyên gia phân tích
Tập đoàn InstaForex © 2007-2021
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.


Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.