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Sterling/American dollar trading signal - GBPUSD
Forex Market Price Signals and Analysis
Good Morning Traders,
Today, October 06, Lift-Off offers a SHORT trading signal, on the major GBP/USD pair (also called CABLE), we are almost at the end of the day, so we can enter now or tomorrow morning at signal confirmed by the close of the daily candle.
Beware tomorrow of the Non Farm Payrolls, news that will bring volatility in the market and bring in distress to the position, so we are thinking of a major stop.
Below chart of GBPUSD - with signal detected by Lift-Off
Signal chart of October 06, 2022
SHORT- GBP/USD
Input price: 1.1151 USD (or any price until tomorrow morning)
Stop loss zone or adjustment: 1.1801 USD
Take profit zone: 1.0530 USD
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