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TheTradersAvenue
Jan 19, 2021 10:27 AM

GBPUSD > Possible Short Entry for 100-160 Pips!! Short

British Pound/U.S. DollarFXCM

Description

Analysis of #GBPUSD

Hello friends,

Price has formed a double top and still did not yet move to the projected target, so I would like a chance to sell if it moves higher again to the near resistance zone.


I will be watching this pair to see if it will provide a valid high probability entry that meets my rules for a good risk to reward trade.

If you like this free analysis please like and leave a comment below it will really support creating more free analysis and ideas for you.

Also, let me know in the comment what pair you want to see the analysis for in my next free analysis

Safe trading everyone

Check today analysis below⠀

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-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
Comments
ugoonu24
Thank you I
also see this happening, others see buys I don't know how
Aldrimon
@ugoonu24 True! that 4h double top is a clear change of trend. Fundemantelly, we could aso see the US dollar finally strengthening as caused by the market optimism of the multi-trillion dollar fiscal package. I don't see this breaking the highs formed by the double structure.

Glad to see I'm not the only one who sees this as a great shorting opportunity
Yuriy_Bishko
looks bullish
InkyGrip
Thank you for the great work! 🦐
TheTradersAvenue
@plancton0618, thank you for the comment
hafiz.nezereliyev
sl
DACapitalTrading
good analysis
TheTradersAvenue
@DACapitalTrading, glad you liked it
ProjectSyndicate
good deal I like that. I'm looking for a short myself, hope we can get a nice entry soon!
TheSignalyst
keep up the amazing work here brother!
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