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Short

GBPUSD short on a long term

FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD short position. SL @ 1.33 and P.T @ 1.215 Expected to reach next year
Nice idea on GBPUSD and there may be long term bearish potential as you have identified. For the short term, using the Tidal Shift Strategy, which is a trend trading strategy that aims to catch shifts in trend using trader sentiment indicator. The strategy recommends entering the trade at any price between 1.30179 and 1.30573. Your entry price is just below the suggested range. It also looks to short when the Speculative Sentiment index reaches its highest value for the past 145 trading hours. Currently, our Speculative Sentiment Index has hit its most extreme positive level at 1.8658, suggesting that the GBPUSD could be trending downwards. Looking forward to seeing how things develop.

Please have a look at our idea and we would like to hear from you.

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