Fxprotrader
Short

GBPUSD Looking For Shorts With Price At Key Level

FX:GBPUSD   British Pound / U.S. Dollar
758 5 29
Price in GBPUSD             is testing both a long term down trend and the upper trendline of a long term corrective structure. Any sell setup which forms in this level, no matter if it works well it will have great value. Personally i will wait for a breakout below this expanding triangle and start watching for a sell setup to form.

Key level:
Comment: Price broke below the lower trendline and it's correcting.. A good sign for shorts
Sir do you think it can move above 1.5000area
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stops above the previous highs?
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Fxprotrader DavidMarcy_TradeHuntFx
It always depends on your strategy. But what you mentioned is a pretty safe level for stoploss..
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AGREE, ITS ALSO TESTING & REJECTING 200 SMA ON DAILY
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Ok, great.. Thank you..
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