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Stargazer_fx
Sep 7, 2020 9:00 AM

GBPUSD analysis, price may continue lower... Short

British Pound/U.S. DollarFXCM

Description

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GBPUSD
The price is below Support/resistance level, after a pullback If price shows rejection from the level I expect the price to continue lower,wait for the price to make a pullback if price gives any bearish signal then look for sell opportunity...



For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 4hr timeframe for confirmation to SELL..
Trade it with proper Sl..
In case, if price breaks above the support/resistance then we have to wait for a clear direction..

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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Comments
HatunAbdulmajid
Nice explanation
Stargazer_fx
janicecarrington123
great
Stargazer_fx
@janicecarrington123, thankyou for the comment
FXCM
thanks for sharing! great work there! Agree with your bearish bias, I am looking at a test of this key level :
Brain_haddin
Nice work
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