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TheTradersAvenue
May 10, 2021 1:40 PM

GBPUSD > Possible Sell Scenario! Short

British Pound/U.S. DollarFXCM

Description

I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you.

Analysis up on #GBPUSD

Hello friends.

The market currently reaching a very strong structure resistance level, it is the recent 11 month high, which the market dropped more than 560 pips, I expect a rotation at this level., break above the recent high, we won't be able to catch the pound as it will go to 1.500

if the market reaches the resistance zone I will look for a rotation pattern, if you notice we have also ABCD pattern completed at the current level to get in sell trade taking two targets.

Safe trading everyone
Check today analysis below⠀

>> “Time is your friend; impulse is your enemy.”
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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
SignalProvider
thanks for sharing
where is your target bro?
maczkeenan
Same ideas. hopefull 0.39998 level is reached
MarcellusLUX
Would be great if the cable drops. Looking at 1.39 as a possible target :) Nice work mate
Trader_OMS
I think
TheTradersAvenue
@Trader_OMS, good analysis , thanks for sharing.
kandace1234
it did exactly whst you said
Alirao007
Nice analysis
TheTradersAvenue
@Alirao007, thanks a lot
KlejdiCuni
Great idea!
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