quantguy
Short

GBPUSD Shorting Opportunity

FX_IDC:GBPUSD   POUND STERLING / US DOLLAR
Lower highs on the day chart note that the GBP is struggling to maintain footing. Further, the strong resistance from above by the Ichimoku cloud casts doubt on any bullish rallies. The RSI and MACD indicators suggest that this is an optimal time to enter a position. The Fibonacci retracement gives us some profit targets and stop losses, as well as a level at 1.5373 that could serve as a trigger to execute the short order.

On the fundamentals side, the attached forecasts a rally in the dollar. This was confirmed at about 3 am this morning when the dollar rallied against all majors around 3 am.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out