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Lingrid
Nov 30, 2020 7:00 AM

GBPUSD good position to SELL Β Short

British Pound/U.S. DollarFXCM

Description

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Recall that in my previous forecasts, we said that to begin with, the price will come to the resistance zone.


And then it will gain a foothold on it and begin to fall.



And so it happened. And right now it is clear that the price has left the resistance zone and is working out a small correction. However, I expect her to continue moving towards our goal. Namely: first, it will fall to the support line 1.325 and break it. And then it will come to the support line 1.307.

I am confident in this by the fact that last time in September, after touching the resistance zone 1.342, the price collapsed greatly.



We have two options:
1. To open a sell deal from the current position of the price - SL, in this case, set in the area of ​​1.341 above the resistance zone.
2. For those who have doubts, I suggest waiting until the price breaks the nearest support line and fixes on it. And open a sell deal after that.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be gladπŸ‘©β€πŸ’»
Comments
nastarannasiri9
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do you change your tp during the day or don't? I took this position and i wanna leave it but im not sure about my fist tp
mohammadsamiei
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I think with the fall of the last hour, it will reach profit sooner
Good job
TeejayX18
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It a sell now
DeGRAM
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Nice SL.

It will help save losses
Lingrid
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@DeGRAM, thanks so much)
AsgharZeinali
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not first testing 1.34?
Lingrid
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@AsgharZeinali, what do you mean?)
AsgharZeinali
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i mean that it will first go up and test the 1.342? And then bearish?
timykin
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@AsgharZeinali, I would be of the same opinion.
timykin
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@AsgharZeinali, eyes on Brexit too.
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