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08.03.202314:27 Forex Analysis & Reviews: Trading tips 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 08.03.2023 analysis

The trading strategy presented on March 2 intended to bring the price of GBP/USD down in the weekly (W1) chart.

Exchange Rates 08.03.2023 analysis

That is exactly what happened yesterday when the pair fell sharply and the quotes hit the target levels.

Exchange Rates 08.03.2023 analysis

Congratulations to all those who followed the plan! The pair moved by as much as 2,000 pips.

Bears may now close their positions for profits.

The trading idea was based on the "Price Action" and "Stop hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.

Andrey Shevchenko
Analytical expert of InstaForex
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