Possible short on GBPUSD for FX:GBPUSD by iSummer

nakedtrading nakedforex gbpusd fibonacci

Since the USD has seen stronger gains last week, and the long term macroeconomic outlook for the US is of further growth and therefore strength of the USD, we could be seeing a generalized comeback to the uptrend in the USD and the downtrend in GBPUSD. Im biased to a short on the GBPUSD specially since the UK is growing at 0.6% and the US at 1.9%.

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Sources I've used to study technicals

Naked Trading Part 1: How to Trade Price Action Trends

7 Characteristics of Consistently Profitable Traders

Harmonic Trading Scanner

Harmonic Trading Volume 1 by Scott Carney

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