TradingView
FMTradingTeam
Jul 1, 2020 12:56 PM

GBP/USD SELL  Short

British Pound/U.S. DollarFXCM

Description

4H bearish trendline starting from the 10th June 2020. 2 points of contact on trandline with rejections.

Rejection candle wick just touching the 618 fib.

Come to strong resistance line which we have seen the price fall below many times before back in May, April and October last year.

Brexit talks threatening the GBP. But with Covid-19 threatening Americas way of life a large SL could be the ideal.
More