EYFMarkets

GBPUSD Trading Idea

Short
FX:GBPUSD   British Pound / U.S. Dollar
G'day, Guys.

Our yesterday BITCOIN analysis follow as predicted. Today we going to analyse Currency Pair GBPUSD.

Technically, this pair is currently on a solid downtrend on a bigger timeframe which is for me correction market structure completed. Personally, I expect this price continues a downtrend rally for the next few weeks. From here, I draw multiple lines that we can take advantage of every potential entry to maximize profit.

From here, the downtrend will be confirmed after uptrend trendlines are broken and create a solid breakout at 1.37500 price tag and I will be targeting 1.36035 prices for first take profit and continue to dance with the minor market structure within a small timeframe.

Let's see what gonna happen next... "Dance with the Market"


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