GBPUSD +300p trade Short

British Pound/U.S. DollarFXCM

Description

⋅ Jul 8, 2020 7:42 AM

Hello traders!

GBPUSD will soon reach a strong resistance line + strong resistance level 1.264.
I expect a fall from this resistance line to the support line.

Comments

mrs_E

⋅ Jul 8, 2020 1:48 PM

@DeGRAM Institutions pushing the price up. Is like a bet against the House. Price is going up

Kanvas

⋅ Jul 8, 2020 11:21 PM

@mrs_E, so is this not a good sell or what?

DrXoX

⋅ Jul 8, 2020 11:54 PM

@Kanvas, i think sell is good in 1.26

Kanvas

⋅ Jul 9, 2020 12:01 AM

@DrXoX, Hey thanks 👍🙏

DrXoX

⋅ Jul 9, 2020 12:10 AM

@Kanvas, your welcome
please set SL

Kanvas

⋅ Jul 9, 2020 12:13 AM

@DrXoX, ok kool whatcha thinking bout 1.26830

mrs_E

⋅ Jul 9, 2020 5:25 AM

@Kanvas, unless I see large sell amounts I'll keep my position ... But let's see how this plays out...

deliwalieng

⋅ Jul 9, 2020 4:19 AM

@mrs_E, I think so too, from my point of view, if we check on weekly chart it will reach 1.3096 by using fibo indicator Fibo indicator. Anyway, nice analysis !

TradingMasterMind

⋅ Jul 13, 2020 2:07 AM

I would close this trade. Trading in a channel and had a false break down....GBP GDP (MAY) tis this week as well that may affect the trade to stop out.

Yuriy_Bishko

⋅ Jul 9, 2020 10:13 AM

Good analysis
open my here