rauan
Short

GBPUSD 1.5470 -> 1.5380

FX:GBPUSD   British Pound/U.S. Dollar
GBPUSD             on Monday tested descending trendline that connects max levels of 25.Aug and 18.Sep, 1.5818 and 1.5658.
snapshot
As displayed on 4-hour timeframe, GBPUSD             static resistance is set at 1.5494, local high of 14. Oct             which has been tested 4 times since that time.
Bounce from 1.5495 and close below trendline projection 1.5470 gives opportunity to sell GBPUSD             targeting 1.5375.

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Very nice ;)
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rauan PRO morshedul.sazid
a year ago
thanks! Hopefully it works out profitably!
+1 Reply
morshedul.sazid rauan
a year ago
GBPUSD SHORT?
+1 Reply
morshedul.sazid morshedul.sazid
a year ago
I am on the same boat too!
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maglite55
a year ago
Good job on this. nice and clear on the reasoning.
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rauan PRO maglite55
a year ago
thank you for the kind words maglite!
Reply
rauan PRO
a year ago
Should I enter or should I stay?
Reply
rauan PRO rauan
a year ago
GBPUSD is currently testing trendline support.
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