BannaKhan

GBPUSD short idea based on trendline

Short
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD in on a downtrend and we have seen a nice pullback. I'm expecting it to touch the trendline and resume the downtrend and the initial target will be at the double bottom but ultimately it should push much lower. As this pair continues to make lower lows.

Let me know your thoughts.

Trade safe and good luck.
Trade closed: target reached: Target reached. That was quick.

Comments

I think it's Logical that the whole price should come down
+2 Reply
BannaKhan Hrmoeeniara
@Hrmoeeniara, Yes!
Reply
lvckyy23 Hrmoeeniara
Reply
same trade! It will create a new H4 LL and price will potentially go bullish once a floor is created.I believe it will continue bearish during this NY session.
+1 Reply
BannaKhan k_makwana
@k_makwana, That's right. I will be keeping an eye on it.
Reply
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