opentrader08

Trade setup on GBPUSD

Short
FX:GBPUSD   British Pound / U.S. Dollar
Hello Traders!!! Hope you are doing well.

I keep my charts as simple as I can so that everybody can understand them. On GBPUSD I will wait for the chance to short it from the resistance level pointed on the chart with take profit at the blue line and stop loss immediately above the top part of resistance.

If the price passes the resistance we could see GBPUSD being trapped in between the two resistance levels drawn on the chart and that will give me the chance to trade that range. Buy from the bottom and sell at the top of the range.

This is an idea and in no way should be consider as investment advice. You can share your ideas and opinions in the comment section. Let's grow together!!!

Best of luck !!!

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