tntsunrise
Short

GBPUSD SHORT IDEA -- 2618 TRADE

FX:GBPUSD   British Pound / U.S. Dollar
757 7 26
Simple Trade:
price putting a doulbe top,
break the structure
retested : 0.618
and now we can go short.
all the way to 1.6666
where the AB=CD move complete.
and is also a key support level
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How to shorting the pound ?
Reply
jago25_98 leonkenndy
methods:
basket of GBP and short all
or futures account and short sell
or... manually go to a UK lender such as zopa, borrow cash GBP, buy something with that cash, then when it's time to pay back sell whatever you bought it with for GBP to pay back the loan (very risky)
Reply
tntsunrise TOP leonkenndy
just a forex pair. sell gbp and buy usd.
Reply
Timing is key tntsunrise
Hello tntsunrise,

just noticed your chart, well constructed and great forecast!..I had virtually the same forecast a while back on the 240 minute on this pair, it's great to see the same conclusion using two different methods.

The double top was a test on my upper parallel and is where I entered using a smaller time frame.

Sincerely,

TIK

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Great trade. Shantap, Google for NakedTrading and Harmonics.
Reply
shantap jago25_98
thanks
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I'm very interested in learning this type of trading :)
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