GBP/USD shorts
I've decided to take a short position here as I feel price has reached a strong resistance zone. Zooming out on the D1 chart, we can see that GBP/USD has spent the majority of this month in a downtrend. I'm going to follow the trend on this particular setup and see if I can ride the wave down. Risk is absolutely minimal and I'm targeting 85 pips. 1:4+ R:R.
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.