GBPUSD - DAY TRADE VIEW. Short

British Pound/U.S. DollarFXCM

Description

⋅ Sep 22, 2020 5:42 AM

GBPUSD - Sign of weakness is there on the 4HR chart.
My approach will be taking a Short - Sell position below 1.27950
Potential Downside 1.27350 - 1.26800
Maintain Stop loss around 1.28350
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Managed by top most renowned trader - Pulak Priyesh
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Thanks !!

Trade closed: target reached

⋅ Sep 22, 2020 7:56 AM

Comments

azikseyidov

⋅ Sep 22, 2020 6:01 AM

Hi Pulak. I'm new to forex. Can I ask you what's the main reason to go short? Thanks

Professor_GS

⋅ Sep 22, 2020 6:05 AM

@azikseyidov, Hi , the answer is there in PRICE ACTION TRADING , kindly read about it on google.
In this chart am studying 4HR time frame and there is a sign of bears getting in action. So it's a good short with mentioned levels.