TradingView
Snick3rSD
May 29, 2023 2:25 PM

GBPUSD - Expect retracement ✅ Short

British Pound/U.S. DollarFXCM

Description

Hello traders!
‼️ This is my perspective on GBPUSD.

Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective with clear lower lows and lower highs, so I am looking for short position from premium zone. I see price to continue the retracement and then to reject from bearish order block.

Fundamental analysis: This week on Friday we have news on USD, will be released monthly NFP and Unemployment Rate. Pay attention to the results in order to validate the analysis.

Like, comment and subscribe to be in touch with my content!
Comments
ProjectSyndicate
re-shorting from overhead resistance also makes sense to me
Snick3rSD
rolyns
thanks your sir I really enjoy your signals
Snick3rSD
@rolyns, you are welcome
rolyns
good day sir please update us on this pair again
Snick3rSD
@rolyns, on Monday I will post, as tomorrow we have news on USD, so I won't trade
JoeChampion
Such a strong zone to consider, yes!
Snick3rSD
@JoeChampion, You are right
TopTradingSignals
Quality post mate!
Snick3rSD
More