TradingView
Setupsfx_
Apr 13, 2024 11:59 AM

#GBPUSD: 600+ Pips Selling Opportunity!  Short

British Pound/U.S. DollarFXCM

Description

FX:GBPUSD price fail due to DXY remain extremely bullish, though we thought price would rise up in our 1 hour timeframe and then continue dropping. However, DXY bullishness momentum was extreme and it kept on dropping. We might see some correction where price reaching around price region and then drop from that area.

If you like our work then please do like and comment the idea. Appreciate your support and good luck trading.

Trade active

180+ pips moving well, price is currently making small correction but long term price is expected to continue to drop.

Comments
alattasabdulla
I am giving this a shot I usually avoid pairing with big currency like these two.. thank you
Setupsfx_
@alattasabdulla good luck
linofx1
Very likely scenario
Setupsfx_
@linofx1 thanks mate and thanks for your support
DXRKCLOUD_FX
Agreed. 4H is bearish so we ultimately need a flip in market structure in the 15M chart.
Setupsfx_
@DXRKCLOUD_FX let's see
legalSeafowl5162
Good idea
Setupsfx_
ccconsortium
Thats great option
Setupsfx_
@ccconsortium thanks mate
More