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SuperMonkey0
Nov 2, 2020 2:32 PM

GBPUSD W1 NOV 2020 Short

British Pound/U.S. DollarFXCM

Description

GBPUSD
Short Setup

Trade active

Trade closed: stop reached

Comments
Helena_FX
If you look at the 4h chart the green candle with the wick forming a hammer, this one bounced from a very strong support/resistance level, it is normal to expect an uprise.
SuperMonkey0
@HrystiK, i suppose this is the idea you're mentioning. Great to look out! my exit indicator would be a break upwards on this white trendline. Thank you for the view
Helena_FX
Hi, I don't have a chart on here, but I am looking at what the others are predicting for this pair and most are saying Long. Who knows what will happen.
Helena_FX
Completely the opposite to the other ideas on here who are suggesting this level as LONG going up, no down.
SuperMonkey0
@HrystiK, Hey thank you for your feedback, would you mind sharing your analysis?

My analysis are on both technical and fundemental
1. Fundamental: UK lockdown + extension of brexit talks
2. Technical: Broke from an ascending channel and supply zone.

Would love to hear you out and share some of your insights :)
Cheers!
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