jcmoneyman

GU Short, then Long

jcmoneyman Updated   
FX:GBPUSD   British Pound / U.S. Dollar
D: Uptrend, retraced 50% and hit -61.8
4: Uptrend, new FIB retraced 50% and hit -27
1H: Uptrend, Retraced 61.8%, and hit @ -27

CURRENTLY: I'm looking for price to
1) go short and retest 1H trendline and
2) go long to touch -27 on 1H FIB

I'm really looking for a sell, seeing if price will short to previous resistance

DXY passed -61.8 and looks to have found support on the Daily and 4H, with bullish divergence . This indicates USD may be getting strong and ready to reverse to go long for a bull run soon. I'll be looking for buys first , before sells on EU and maybe GU.
Trade closed: target reached:
TP 1 reached at trendline
Trade active:
Going long, as long as trend is respected, to -27 for TP2
Trade closed: target reached

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