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Charles-OW
Dec 23, 2020 9:38 AM

GBPUSD IDEA 

British Pound/U.S. DollarFXCM

Description

By the looks of it, this pair has been making lower highs since January 2018 on the weekly timeframe. At the moment, it’s somewhat following the trend line. With what’s going with the UK (brexit deal) and their new strain of COVID, I doubt the Sterling is going to gain an strength anytime soon. On the daily timeframe frame, I can see the price is pulling back to the trend line, which coincidently is going to complete a head & shoulder pattern. That’s where I’m going to short the pair back down to the support on the weekly.
Comments
Charles-OW
*gain any
nicopowell94
@TipTopForky, Don't forget to account for the US stimulus package news causing the dollar to lose value
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