Trilo
Short

GBPUSD WIll bears dominate?

FX:GBPUSD   British Pound/U.S. Dollar
81 3 10
With US Interest rates meetings looming and talks of rises a bearish move on this pair may be very likely.

Rising wedge pattern. Bearish breakout has occured aswell as a retest of the trend line so potentially a great opportunity to short.


Thanks for looking!
KVE PRO
a year ago
Smaller time-frame possibilities?
GBPUSD: Possible scenario
+1 Reply
Trilo KVE
a year ago
Of course! Nice patterns. A suggestion regarding your stops may need to be increased due to increased volatility due to US meeting regarding interest rates. In particular the long entry around C point where ABCD completes, I would probably avoid that pattern especially if it breaks previous support level (B point). Good luck and happy trading!!
Reply
KVE PRO Trilo
a year ago
Thanks 4 the feedback, very much appreciated. You're absolutely right, as in my intro of the idea: not necessarily planning on trading it before the FOMC decision!
Cheers,
Kurt
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out