AffluentTraders

GBPUSD SHORT SWING TRADE. Technical Analysis

Short
AffluentTraders Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Okay, Out DXY is at Weekly support, and Pound is at Weekly Resistance. This is our typical Textbook setup so I'll advise you to put your RISK OFF. And by that I mean we're putting our cash on the dollar. We're still risking one percent of our Account with a 25 or 30 pip stop. Entry at 1.36137. This setup has the possibility to be our weekly high, and if that's so, We'll be looking for ways to short this coming week, until we get to the monthly support at 1.34815.

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Trade closed: stop reached

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