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trend72012
Jul 10, 2022 12:54 AM

British Pound can do some retracements to supply levels! Short

British Pound/U.S. DollarFXCM

Description

British Pound can do some retracements to supply levels and make new lows; there is a chance to make a Wyckoff accumulation pattern in lower timeframes.
DXY is also can push a huge supply area to higher levels in order to increasing FED interest rate.

  • 2 short possible position are visible on my chart, if any type of demand base was created in the near of supply zone, stop shorting and wait!
  • You can choose 88.6 level for entry in higher short position.

Trade closed: target reached

First Trade was stopped out, nut the second one and bigger one nailed it! Have fun with trading.
Comments
zAngus
Hi there, congratulations on sharing your first idea with the community. We hope you had fun working it out as a process. Hope you enjoy the rest of the day.

From mod @zAngus
trend72012
@zAngus, Thank you!
JoeChampion
Brilliant, i have similar overview on my recent GBPUSD chart. thank you for the confirmation!
madama_
@JoeChampion, look likt my analyss 📌🎯🔥🔥🔥
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