GBPUSD SHORT. DXY LONG

Good morning traders,

GBPUSD H1 showing clear short potentials as it broke daily previous lows.

The volume increasing as price decline is another suggestion that we may carry on seeing short on this pair

Furthermore, DXY bullish on daily time frame. We also saw short term retracement on GPBUSD and EURUSD last week, where retail buy stop traders were trapped with heavy selling pressure on top, suggesting it would be a long time until price would reach that level again. We are likely to see GBPUSD break daily support at this stage

For now, waiting for short term retracement to enter sell orders

Comment:

Waiting for the retracement to enter

Trade active:

Trading running now

Moving SL to entry as market closing soon

Trade closed: target reached:

TP hit +2.20%
+62 Pips