GBPUSD - SHORT Short

FX:GBPUSD240

British Pound/U.S. DollarFXCM

Description

⋅ Jan 8, 2021 6:32 PM

A break and retest of this demand zone will add more confluence for a nice move to the downside

Comments

marsomak

⋅ Jan 9, 2021 7:29 PM

here weak funda ... and absence of wick let it down

MicWoodsFX

⋅ Jan 9, 2021 7:13 PM

Agreed with the idea, I still have my two position open from 1.60 area and my TP has been set at 1.342

MrTradesFX

⋅ Jan 9, 2021 8:27 PM

@MichaelWoodsFx nice 👌🏽

EasyCharts

⋅ Jan 8, 2021 6:58 PM

I agree! Also looking short on this pair. Nice clean chart

MrTradesFX

⋅ Jan 8, 2021 11:50 PM

@EasyCharts thanks 🙏🏽

yashika6698

⋅ Jan 9, 2021 2:06 AM

TP WILL BE AROUND 1.3700

WopManSkeng

⋅ Jan 9, 2021 3:36 AM

@yashika6698,
I would say 1.36300

But then again in the space of 2 days anything can happen with the currency, Only Sunday Night will tell

MrTradesFX

⋅ Jan 9, 2021 12:22 PM

@yashika6698 potentially it could, but fundamentally GBP is weak due to covid lockdowns

WopManSkeng

⋅ Jan 9, 2021 1:33 AM

Buy Order

1 Order - 1.35330
2 Order - 1.35050
3 Order - 1.34906
4 Order - 1.34695

TP: x.xxxxx

We are stuck in an uptrend not yet a downtrend, therefore the max it will touch is Order buy 4. An Boom shoot up to the moon.

Be ready for monday

👌

MrTradesFX

⋅ Jan 9, 2021 12:21 PM

@WopManSkeng you could be right, let’s see how it pans out 👌🏽