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Back Trading plan
GBP/USD: Trading Plan for the U.S. Session on November 21st (Morning Trade Analysis). The Pound Continues Its Decline
In my morning forecast, I focused
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In my morning forecast, I focused on the level of 1.2632 and planned to make decisions regarding market entry at this level. Let us examine the 5-minute chart and analyze the developments. The decline and the formation of a false breakout provided an entry point for buying the pound. However, the pair did not experience significant upward movement. The sellers' advantage remains clear and may persist during the U.S.session. The technical picture has been revised for the second half of
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GBPUSD
Great Britain Pound vs US Dollar
Summary
Sell
Urgency
1 day
Analytic
Maxim Magdalinin
Start trade
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