Hello traders, we currently have a short setup for GBPUSD on the M30 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go short. If you are in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard!
*Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.
i'm into a short as well...but on the 15 mins chart
phileepack
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That 1.238 resistance is strong, question is if strong enough to hold the current momentum. If it breaks thru that resistance, we could see big bulls in charge.