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MarcellusLUX
Jun 2, 2021 6:39 AM

GBP/USD sell continuation idea Short

British Pound/U.S. DollarFXCM

Description

Hello traders, in my previous idea, I recommended selling GBPUSD
between 1.4195-1.4220 with SL above 1.4307 and initial TP at 1.3950.
(previous idea linked below)

If you followed, you are already in 70+ pips profit.

Currently, we have got yet another rejection candle in the resistance level.
So, the downtrend could accelerate if the sellers step in.

Looking for a drop towards 1.3870 with previously mentioned entry and SL points.
Comments
TheSignalyst
Good catch around supply mate
emillyricci
It is taking too long to drop. For almost a month it is consolidating at the resistance. Can this also break the resistance?
MIMOMM
Yeah ,I followed but I stopped the profit at 1.1400 level is that possible to get the return ,if the trend goes falls ?
KlejdiCuni
Great job!
financialflagship
Great call, keep them coming. 🚀🚀
jojofang0901
agree with the overall bearish outlook also :) thx
StevesTradingV
Nice overview , thanks mate ;)
amgadsalama
Your analysis is always clear and helpful.
PEAKBUL_FX
Thanks for informing us about your great idea to sell this pair. It is very nice to see your chart every week.
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