Trading-Mind

GBPUSD Intraday Short

Short
FX:GBPUSD   British Pound / U.S. Dollar


Price broke through the 1.26000 area which has served as a key resistance level since April 2020, for price to continue its uptrend, the retest of that zone has to hold.

on H1, price is setting up for a pullback with a nice M pattern. Although i have gone short, the break and retest of the M neckline will confirm the sell bias.


Keep your risk managed.


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.