GBPUSD Sell Setup

GBPUSD Sell Setup

- Potential DXY up reversal anytime
- Look for sell setup at level 1.39000
- TP Targeting the weekly low and all the way towards 1.36200 or below

Note:
Monitor DXY price action for setup confirmation, GU could keep dragging high if DXY keep trending down
But when it goes, GU is a potential trade you dont want to miss

Comment:

DXY still keep dragging down, hope no one in the trade yet
Again, we need DXY confirmation for this sell setup

Comment:

Will walk away for now
Structurally not mature yet

Order cancelled:

On hold on GBPUSD sell setup
GBP might be weak this week
Will update if there's new finding

Comment:

Careful with all GBP pairs, the bigger trend of it might changing to the total upside now instead of an expected retracement down move this week

I will take a break to allow the market unfold for better view
Trade with care !

Comment:

Will post a latest view on GBPUSD soon