GBPUSD
https://www.tradingview.com/x/BaZTHl7x/
GBPUSD [Short]
Downtrend as shown in weekly and daily chart.
Price testing blue downtrend resistance line and also tested the 61.8% Fibonacci retracement level, more potential downside ahead. Initiate short when orange support level breaks.
Possible trade:
Entry price: 1.23956
Stop Loss: 1.25000
TP 1: 1.22268
TP 2: 1.21181
Cheers!
GBPUSD [Short]
Downtrend as shown in weekly and daily chart.
Price testing blue downtrend resistance line and also tested the 61.8% Fibonacci retracement level, more potential downside ahead. Initiate short when orange support level breaks.
Possible trade:
Entry price: 1.23956
Stop Loss: 1.25000
TP 1: 1.22268
TP 2: 1.21181
Cheers!
Note
Price hits the orange support and triggered short order as stated, let's see how things progress from here.Note
Price hit stop loss level due to fluctuations influenced by US election.
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.
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.