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GBPUSD: Great Shorting Opportunity 🇬🇧🇺🇸
British Pound / U.S. Dollar
Short
GBPUSD: Great Shorting Opportunity 🇬🇧🇺🇸
By VasilyTrader
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Updated
Oct 12, 2021
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Oct 11, 2021
Hey traders,
Even though last week was quite bullish for GBPUSD,
we still remain bearish biased on that.
Looking for shorting opportunities, I spotted a nice rising channel
and a completed head & shoulders pattern within its boundaries.
To short wisely I am looking for a breakout of 1.361 - 1.362 area (hourly candle close below)
that will signify a breakout of both h&s & channel.
Then the price will most likely drop to 1.355 structure.
In case if the price sets new high above the head, the setup will be invalid.
❤️Please, support this idea with like and comment!❤️
Oct 12, 2021
Note
Check my new idea on EURJPY:
dollar
Forex
GBPUSD
Head and Shoulders
Parallel Channel
pound
trading
Trend Analysis
DJ FXCM Index
VasilyTrader
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