GBP USD Daily Short
We are waiting for the break of our trend line - as the USD is gaining strength and the GBP has got alot of short orders against the Dollar.
What can we see technically?
- Daily bearish ,
- weekly bearish
- bounce from the demand zone [Orange lowest low, monthly rejection] zone.
- we can see the trend beginning to add long positions to correct.
- we have made lower lows and lower highs- showing the correction
- now in a consolidation zone with some great wicks formed.
Where to enter?
Follow your plan
But for us, we are waiting for a pull back to 1.25 [or more] before looking for a rejection.
Note: Trading is about timing. so even if our stop loss gets hit on the chart. We may not have entered all together and orders can be adjusted.
Trade what you see, this is purely our Bias.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment.
Thanks,
Team Lupa.
What can we see technically?
- Daily bearish ,
- weekly bearish
- bounce from the demand zone [Orange lowest low, monthly rejection] zone.
- we can see the trend beginning to add long positions to correct.
- we have made lower lows and lower highs- showing the correction
- now in a consolidation zone with some great wicks formed.
Where to enter?
Follow your plan
But for us, we are waiting for a pull back to 1.25 [or more] before looking for a rejection.
Note: Trading is about timing. so even if our stop loss gets hit on the chart. We may not have entered all together and orders can be adjusted.
Trade what you see, this is purely our Bias.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment.
Thanks,
Team Lupa.
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