SteveNixon
Short

Looking for a short trade set up on GBPUSD

FX:GBPUSD   British Pound / U.S. Dollar
Provided the dollar continues to push up then I'm looking for a short trade set up on this pair. The GBP is taking a beating recently due to difficult Brexit negotiations - with the Conservative Party conference taking place (Sunday Monday Tuesday) any party divisions may push the pound down. Added to any strength in the Dollar this may be a nice trade this week.

IF: We get a trade set up
THEN: Open a short trade
TARGET: Previous low

NB: Good news could push this pair up so make sure you have a short set up before entering and keep an eye on the news at the same time as the chart

This is not investment advice

Steve Nixon
Trainer & Mentor
Comment: Possible flag developing - I want to see a well developed flag before risking my money.
Comment: As predicted
I agree with your bearish on GBPUSD. Our trading signal idea is also of the same bias. If USDCHF breaks out of its overlap support at 1.3027, it will confirm a further move down. Here’s our idea!
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