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Basit-Abdul
Oct 20, 2021 8:04 PM

GBPUSD - SELL POSITION  Short

British Pound/U.S. DollarFXCM

Description

Pair is considerably overbought on several timeframes.

Double top formation also occurred.

Market behaviour also shows signs of Bulls losing power

Trade closed: target reached

Target reached at 1.38.
Comments
TradingBonus
Great sell brother! Keep it up :)
Basit-Abdul
@Zanchy, Thank you much appreciated!
TRADINGWITHZION
Not sure about this .
Basit-Abdul
@TRADINGWITHZION, Thank you for your opinion. Although I feel pretty confident that price is struggling to break above the 1.383 region and from there feel as though buyers are losing power. This to me is going to be a short term trade whereby my TP will be placed on 1.38. Just gotta see what GBP has in store.
idris_m
@TRADINGWITHZION, how about now?
UnknownUnicorn493766
F
Basit-Abdul
@gremic, Trade went to the direction I predicted for the short term and target of 30 pips achieved.
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