timmynorin
Short

GBPUSD - Bearish rotation?

FX:GBPUSD   British Pound / U.S. Dollar
A series of lower highs, inside a big triangle / wedge (see daily or even weekly timeframe ) we could see a bearish rotation down to the bottom of the wedge .

Coming from a historically strong and significant resistance area (1.2555) I see a potential bearish ride down to 1.2300 and possibly further. While venturing down I'm looking to lock profit after passing 1.2400.

Anything can happen. Feel free to comment your thoughts.

GBP has been interesting the past few months to say the least.
Comment: Target 1 hit - 95 pips in the bag. Rolling stop loss to break even for remaining position.
Comment: Opportunity to add position

I see the same as you do... However I am looking for a turn around 1.2514 level
Reply
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out