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SynergyTradingSetups
Apr 11, 2023 2:43 PM

GBP/USD SHORT AT KEY RESISTANCE Short

British Pound/U.S. DollarFXCM

Description

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
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