Get started
mikoaodu

GBPUSD SHORT - PRICE HAS JUST REACHED A KEY WEEKLY LEVEL!

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
mikoaodu  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis GBPUSD gbpusdshort gbpusdanalysis swingtrading swingtrade priceaction Forex forextradingzones
8
4
trendanalysis chartpattern waveanalysis gbpusd gbpusdshort gbpusdanalysis swingtrading swingtrade priceaction forex forextradingzones
Price has been moving in a gradual uptrend for GBPUSD and now the market has reached the previous swing high of the trend and is testing a key weekly level. we are looking to short the market at this level and are targeting the lower daily level but price has yet to show convincing price action of a potential reversal and a swing back down. However, there is a good probability that we can see price hold at this level and give us a swing to go and test the the lower key level on the daily chart and maybe pull back into our daily trendline.
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.