Get started
Bullandbeartrading

GBP/USD Trade Idea

British Pound / U.S. Dollar (FX:GBPUSD)  
Bullandbeartrading  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators Chart Patterns GBPUSD Forex topdownanalysis swingtrader
94
6
trendanalysis indicator chartpattern gbpusd forex topdownanalysis swingtrader
Hello and welcome to my Trade Idea of the currency pair GBP/USD.

Lets start with the Top Down Analysis.


Monthly: On the monthly timeframe we can see that the price is in a beautiful downtrend.


Weekly: On weekly we see that, the price is at the monthly support. Which can lead to a strong bullish movement. I expect that the price bounce off from the H4 resistance and fall down after that.


Have a nice day.
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.