Joshua20

GBP/USD 4H Short Opportunity Forming

FX:GBPUSD   British Pound / U.S. Dollar
The GBP/USD             4H chart had strong bearish momentum until it hit the 1.56000 level and prices respected this area. Prices stalled and stayed within the blue box on the chart until prices finally broke the support zone at 1.56000. Now that prices have broke through the support zone we can assume that the bearish momentum is going to keep pushing the prices lower.

The trade opportunity comes if prices retrace to the broken support turned resistance zone (1.5600 level) and print a bearish price action trade setup.

I will be watching this chart closely to see if a trade setup is produced.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out