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loxx
Sep 16, 2022 2:49 AM

GBPUSD $GBPUSD Initial Short Short

British Pound/U.S. DollarFXCM

Description

GBPUSD GBPUSD Initial Short. This is a pure momentum signal just as are every other signal I post. ZERO other factors are considered in producing this signal.

Entry reasons: GBPUSD is showing momentum and confluence of mean reversion crossing up the 70 day price mean.

Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and 1.5xATR offset.
Comments
TraderEtc
The Light.
VasilyTrader
Noted, thank you!
JoeChampion
Agreed, we are super bearish GBPUSD towards the coming FOMC!
Toni_G21
Nice one. Incredibly accurate!
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