hex_7efb6

Weekly trading strategy on GBPUSD H4

Short
FX:GBPUSD   British Pound / U.S. Dollar
Hey guys, long time no see.

Here is a weekly trading strategy on GBPUSD H4.
I believe it is high probably that the scenario blue will be occur in next week. It is a good chance to open short position
if the price touches the decline line (red).

If the previous high broken, then should forgo this view and stop loss. The scenario black may occur in this case.

There is a decline line (green) may be active for current and short time, traders can observe this line and consider make market sell order or raise short position bet.

Please like if you think this idea get help!
Please comment if you want to ask or share any thoughts to me.
Follow if you want to see more trading idea like this.

Thank you!


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.