ApexFX_

GBPUSD - are you ready for a second UK lockdown

Short
FX:GBPUSD   British Pound / U.S. Dollar
Are you ready for a second lockdown? The likely hood of Boris announcing a second national lockdown is high. Many people and business will now again unfortunately, be out of work for god knows when.

This is the time where I'm glad to have the luxury of online income. Being able to control my own time and money.

Come and have a chat let's get you where you need to be.

GBPUSD - here we can see that the long bullish trend has broken out. The fib I have included is purely for example purposes. We are waiting to see an impulse move up showing us we have found a 'recent swing low' and from that we can include the fib. We will then look for a support area to line up with the rest of the retracement tool to give us added confluence before executing the trade. Be patient with this one and wait for the right time to sell.

Comments

The price has reacted near the 0.5 and 0.618 level on the Fibonacci on the uptrend you have highlited, are you still exclusively looking for shorts?
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ApexFX_ Masszay
@Masszay, Yep we shorted on the impulse up and now riding the sells down :)
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