Potential GBP/USD Bearish Kumo Breakout
Updated
If we close below the Kumo, this indicates a change in trend and we should see a downward move in this pair.
I'll be putting my Stop Loss just above our most recent bullish fractal level of around 1.45750
I'll be putting my Stop Loss just above our most recent bullish fractal level of around 1.45750
Note
If you're not willing to risk stops at 1.45750, then if the price remains below the highs of the 05:00 candle then this will be another bullish fractal so you could place your stops at around 1.45330
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.