conorlawson

GBPUSD SELL SUGESTION FOR NEXT WEEK! FULL DETAILS,ANALYSIS BELOW

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
So this is my GBP/USD Full analysis. i would have perfer to take the short position at the green trendline as shown, but wasnt on the chart at the time and did not have a alert set. as you can see we are in an OVERALL downtrend which you can see from weekly timeframes. we currently touched the top of my green trendline and made a huge wick (rejection confirmation). we were also at a daily key level aswell as touching and rejecting the EMA ... since i missed my desired short entry i would be looking for a break in my daily trendline which will confirm the short postion even more. i will then after the break be looking for a restest and enter my short position.

any questions or feedback let me know.

Comments

Interesting idea and is contrary to a lot of other traders who suggest it'll hit >1.24 next week. Personally I hope you're right.
Reply
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