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FOREXN1
Jul 27, 2022 11:00 AM

GBP/USD:SWING TRADING SETUP | WAITING NEW LOWER LOWS | SHORT 🔔 Short

British Pound/U.S. DollarFXCM

Description

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The Analysis of GBP/USD in the last 6 months it's a sequential of Lower Highs and Lower lows describing perfectly an optimal scenario like swing trading manual teach. Of course, this rare "geometrical" scenario in confluence with the optimal Fibonacci levels entry cannot continue for the long term but until the wave, it's on the top we need to surf this trend as much as we can taking positions in the right retracement and waiting for a new drop and formations of new lower lows. The Fundamentals news behind the scenes does not change and we have the Euro and the Pound extremely bearish on the USD side. Do you think we will see a new formation of lowers here?

Comment

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Comments
JoeChampion
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Amazing work, i agree on GBP weakness!
FOREXN1
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@JoeChampion, Mee too !!!
Vlegga
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Had the same view, but they trapped the bulls.
FOREXN1
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MagdyEl-Nidany
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any updates ? uptrend ?
FOREXN1
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@MagdyEl-Nidany, I'll update in a Bit , not it's not Bullish at all.
AtlasTrades
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Hi my friend! very accurate short pattern on GBP/USD, Im agree
FOREXN1
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@AtlasTrades, Thank you
DeGRAM
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Thank you for sharing your analysis.
FOREXN1
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@DeGRAM, Welcome!
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