GBPUSD short at highs Short

British Pound/U.S. DollarFXCM

Description

⋅ Jan 13, 2022 3:53 PM

For more daily Detailed analysis, please feel free to click the follow button. If you do have any questions, please do ask them!

Here we have our GBPUSD chart.

We are still looking short on this rally up to key levels.

Exit is at the eclipse symbol.

Comment

⋅ Jan 14, 2022 2:56 PM

Exit for first set of gains. Re short higher

Comments

hansalexanderlees

⋅ Jan 13, 2022 6:20 PM

i am with you. its already up 600 pips. either it goes short correction or drop like crazy

WillSebastian

⋅ Jan 13, 2022 6:23 PM

@hansalexanderlees, yes very likely on the short side, we trade it gradually as price falls enabling us to exit multiple times, so the target noted is just the start :)

initialjie

⋅ Jan 13, 2022 3:55 PM

thats too for, 100+ pips, seems impossible

WillSebastian

⋅ Jan 13, 2022 3:56 PM

@initialjie, After a 600 Pip move up?.. and the distance it is off the MA's. Very likely.

initialjie

⋅ Jan 13, 2022 3:58 PM

@WillSebastian, see? all drop are bear traps

WillSebastian

⋅ Jan 13, 2022 4:00 PM

@initialjie, Can you see 20 OCT on the chart above and what happened that time.. It fell 700 Pips. You can go ahead and buy it if you want to at this level of high STOCHS high price 200 MA... But I don't advise it!

FaizelB

⋅ Jan 13, 2022 4:09 PM

Well put Will. I am using the same indicators and it looks very plausible. thanks for sharing.

WillSebastian

⋅ Jan 13, 2022 4:19 PM

@FaizelB, no problem at all my friend. When used in the correct way with the correct understanding as we do, they are great to use!