GBP/USD SHORT AT KEY RESISTANCE

Trade to be taken at the break and confirmation of support. This could be the start of a med/long term dxy rally! I will explain my idea further in a second post later today.

GBP/USD is at a major resistance after failing to hold it as support. It is also looking to break down from this support

The DXY also looks to break above the horizontal support.

And potentially an inverse head and shoulders on the larger time frame

Euro also in a similar set up

Comment:

I've entered 20% of the position

Comment:

First TP hit on DXY target