GBPUSD pending short @ 1.5655

FX:GBPUSD   British Pound / U.S. Dollar
The 4H chart clearly shows a 1.5650 resistance level for a period of days now. It appears to want to get there. As buyers are thinning out, only MMs             will try to stop out early short positions before making their move unless GBP data is going to be spectacular. I am betting that sellers will dominate this scenario once price reach 1.5650. If I am wrong, then 34 pip cushion will burst, otherwise it is > 3:1 risk reward prize pot.
Thanks for the idea. :) My thoughts are on the short-term range on this analysis and as I am watching PA there is very light buying pressure now as London session is about to begin and may exhaust soon is what I believe. I appreciate your help.
thx for view is the opposite ;-) i see the possibility of a shs.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out