Final SL for all Short positions: 1.42950 Resistance Level
Comment: Pound is currently at its consolidation stage.
Weekly has not form a bearish candlestick yet, which means the trading idea at the moment will still be an early stage of thinking GBPUSD will be going in a bearish trend. The better option, would be atleast wait for weekly to form a bearish candlestick before going in.
-------------------- (Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.) -------------------- Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.