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AlgoTradingGroup
Sep 16, 2022 1:05 PM

GBPUSD BROKE MONTHLY LOW Short

British Pound/U.S. DollarFXCM

Description

Good afternoon traders,

Our previous GBPUSD buy trades got taken out at breakeven as you saw from our previous post. For those who booked partails, well done. We closed at 2.00% return in our Live Trade Copy Account.

Looking at GBPUSD now, we dont see any buy opportunities as it has broken previous weekly/monthly low. Our bias is now bearish on GU.

We have set alerts at highs and lows to see how GBPUSD moves. The areas marked is where we may be looking to sell. However if any buy / sell opportunities arises earlier, we will inform everyone in our channel

Let us know what you think in the comments below
Comments
kevinTrades06
What volume indicator is that?
AlgoTradingGroup
@kevinTrades06, Just a normal volume indicator you can find in TradingView
RLinda
Good view on the market)
AlgoTradingGroup
@RLinda, Thanks
Lingrid
Can you recommend us an entry point ?
AlgoTradingGroup
@Lingrid, Might look to sell at 1.14752 depending on how volume is at that price. If any buy entries come on Monday morning, will share here
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