Get started
amanpaulbhogal

Bearish set up on GBP/USD

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
amanpaulbhogal  
FX:GBPUSD   British Pound / U.S. Dollar
Support and Resistance 50ema-rejection Fibonacci Cluster bearish-reversal-bar
2
0
supportandresistance 50ema-rejection fibonaccicluster bearish-reversal-bar
In a recently structured down trend GBP/USD could proceed lower after Friday's close as a bearish reversal bar hitting resistance at ~1.5350 and 50 ema. Price also closed below a Fibonacci cluster (38.2% and 50% retracement level).

entry - below low of reversal bar
stop loss - above high of reversal bar
target - at or lower than previous low
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.