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VishalBudhrani
Aug 15, 2023 11:54 PM

GBPUSD Short traders looking profitable upto 1.24 {16/08/2023} Short

British Pound/U.S. DollarFXCM

Description

Educational Analysis says GBPUSD may go Short according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why Short?
Because GBPUSD Short traders have already broken the 4-hour Upward Bottom trendline and now Top Downward trendline is being respected.
Although this pair has proved that, It's Changing its character and Also Sellers proved that the Market structure shifted and eventually lead to a Break of Structure.


Analytical Trade would probably be
Sell limit order at 1.27625
Stop loss at 1.27878
Take profit at 1.24462
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.

Trade active

Trade closed: stop reached

We enter with a new entry of stop loss and take profit.

Trade active

Running 700 pips profit :-)

Trade active

Running 1859 pips in profit :-)

Trade closed: target reached

Comments
preciousoscar350
agree with u
GlobalHorns
This idea looks good even though I am bullish on GBPUSD. I can also see your idea play out.
VishalBudhrani
@GlobalHorns, I forgot to cover that whole bullish candle with green ray lines. :-(
VishalBudhrani
New Entry Will be
Sell Limit Order Will be 1.27625
Stop Loss will be 1.27383
Take profit will be 1.24815
VishalBudhrani
@VishalBudhrani, Running 1859 Pips in Profit
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