Get started
Rayyan_2805

TextBook Movement for GBPUSD to Go Down

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Rayyan_2805 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD gbpusdshort gbpusdsignal gbpusdlong gbpusdidea gbpusdanalysis gbpusd_forecast gbpusdtrade signals
1
0
trendanalysis chartpattern indicator gbpusd gbpusdshort gbpusdsignal gbpusdlong gbpusdidea gbpusdanalysis gbpusd_forecast gbpusdtrade signals
Possible sell for GBPUSD. Price has remained under both the 200 and 50 EMA indicating a short bias. Price has recently broken out of a monthly trend line, descending triangle, and it seems to have retested the trend line within 1 day, this can indicate that there will be a strong move towards the down side. I have placed a big trade with a stop loss of around 35 pips and. take profit of around 190 pips which makes for a great RISK:REWARD ratio of about 5.5/1. Keep an eye out for updates as I will be following this pair closely. GBPUSD
Trade active
Trade closed: stop reached
Trade closed manually
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.