akyong

GBPUSD: Continue falling

FX:GBPUSD   British Pound/U.S. Dollar
130 2 3
Similar to EURUSD             , the Pound is sliding downwards at the moment, forming a series of lower lows and lower highs. Should price come back and retest the 1.4875 region, it would be a decent shorting opportunity to ride on the down trend, with stops just above the 1.4895 level and target around the 1.4650 level.

I would love to hear your opinion, feel free to comment, agree or disagree.

------------------------------------------------------------------------------------------------------------------------------------------------------------------

Always wanted to connect, learn and help one another throughout your trading journey? Join our community for FREE at https://www.facebook.com/groups/fxpipsology/ The only thing you need to 'pay' is your commitment to trading and sharing!

Have a great pipping day!
http://www.fxpipsology.com/
https://www.facebook.com/fxpipsology
Cheers,
KY
Hey akyong, I also agree with you on this pair. This is a similar situation to eur/usd pair. Also looking for short opportunities after pullbacks. Thanks for sharing and Good luck!!
+1 Reply
Yahia.Awes moneymaking
We might get a higher pullback at wednesday. Don't forget the fomc meeting...
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out