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GBP/USD REACHING MULTI WEEK HIGH + RESISTANCE = SHORT

Short

British Pound / U.S. Dollar (FX:GBPUSD)

FX:GBPUSD British Pound / U.S. Dollar

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I will be shorting the Cable once it rejects the weekly and/or 4 hour Long term trend line and I will search for a precise entry using the DOUBLE EMA 50 period. once a candle from the 1 hour clearly closes below the 50 DEMA , I will go short for 30 - 50 PIPS

Comments

move played out beautifully, like a symphony.

i think i will hold my buy position, i think we will test the 2017 high if you look on the MN TF and that will be the sell entry, my buy trade is secure and the higher it goes the more i raise my SL

Abzii

@Abzii, Nice! Thanks for the different perspective. Hope it work out for you.