nukenoobfx
Short

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.
MaryJane
a year ago
thx for sharing...my view is the opposite ;-)
Trying to catch the bullish shs - trade preparation
i see the possibility of a shs.
snapshot
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MaryJane
a year ago
snapshot
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nukenoobfx
a year ago
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.
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