TradingAxis

GBPUSD > Simple and Clean Sell Entry!!

Short
FX:GBPUSD   British Pound / U.S. Dollar
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Analysis on #GBPUSD

The GBPUSD is getting a lot of false breakouts recently and that is to be expected when the market has been ranging for quite some time.

in yesterday's analysis which I will leave the link below this post, I expected this breakout but I did not sell as I was waiting for a confirmation and clearly the market reversed the move immediately.

i still have no interest in buying the market, my bias is short at structure resistance level which I laid out for you on the chart of course if i get a confirmation or reason to sell.


Check today analysis below⠀

>>“there Is No Single Market Secret to Discover, No Single Correct Way to Trade the Markets.”


____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
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Comments

further downside after the drop :) thx
Reply
Quality content, thanks for sharing. 🔥🔥
Reply
Fully agree with you here :)
Reply
Strong resistance there

thanks for sharing
Reply
TradingAxis MMBTtrader
@MMBTtrader, thanks a lot mate
Reply
nice one.... What made you think it will reach that level before reversing?
Reply
TradingAxis gibsoloc
@gibsoloc, thanks for the question, for me it just where is the place to sell with strong confidence and good RR, the market could for sure not go to where i want to enter, then i look for the next one.
+1 Reply
@TradingAxis thank you so much 🙌
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