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iSummer
Jan 29, 2017 11:45 AM

Possible short on GBPUSD Short

British Pound/U.S. DollarFXCM

Description

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
youtube.com/watch?v=T-HkyhZCLOw

7 Characteristics of Consistently Profitable Traders
youtube.com/watch?v=tbY_gy8tKqo

Harmonic Trading Scanner
shamanforeignexchange.trade/harmonic-scanner.html

Harmonic Trading Volume 1 by Scott Carney
forexfactory.com/attachment.php?attachmentid=1193949&d=1368647141
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