Good afternoon traders! A trading idea for the GBP/USD pair.
An interesting event occurred yesterday via “Stop Hunting” method. During the American session, the pound filled an intermediate area under the round level of 1.24, and made a quick false break downwards in the evening.
Quotes went to the best prices, relative to the general plan of lowering the instrument. Thus, a classic “pin-bar” setup appeared on D1 yesterday, which is an “invader” of liquidity and strengthens the signal to continue the trend:
Goals:
1. Weekly low at 1.2250.
2. Monthly low at 1.2150.
Short scenario will be canceled at a break of 1.24 down.
Good luck!
The material has been provided by InstaForex Company – www.instaforex.com
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