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27.09.202110:50 Forex Analysis & Reviews: Trading idea for GBP/USD

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 27.09.2021 analysis

As expected , GBP / USD tested the retracement levels then continued to decline to 1.35700. This formed an inside bar, which suggests further downside potential in the market.

Exchange Rates 27.09.2021 analysis

To those who failed to take short positions last Friday, you can still open some, at least until a false breakdown at 1.35700. After all, the pair is currently forming a third downward wave, and it is the most powerful one among all the waves in the pattern (three-wave).

This analysis is based on Price Action and Stop Hunting strategies.

Good luck and have a nice day!

Andrey Shevchenko
Analytical expert of InstaForex
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