TradingView
ForexWizard01
Aug 7, 2021 4:04 PM

GBPUSD trading plan for next week Short

British Pound/U.S. DollarFXCM

Description

GBPUSD has been rejected from the weekly GAP level and has created a lower high under the weekly gap level.
at the same time, this instrument has just broken the daily resistance line @ 1.3902 and close below.

therefore, the swing high of down trending market is still valid and it is possible that this instrument may create a lower low and a possible short target can be @ 1.3643 as this is the neck line of double bottom formation
of an upward move.

If you find value in this analysis please press thumbs up and leave a comment below.

Thank you.
More