Hi everyone! Here is my view about GBPUSD
. This pair looks rather interesting for opening SHORT trades IF the price breaks the up trend line
or the previous day low. The main trend is down and we will open positions following it. Also we have confirmation from MACD
H and from ADX
which does not confirm that bulls have power for pusshing the price higher. Any way, based on weekly charts, there is not strong down direction and that's why this trade based on daily chart
could not be perfect. For those, who likes the perfect and clear signals for opening positions - it's better to wait for more confirmations from other indicators or fundamental news. This view is based on my trading system.