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Ryan-L
Apr 21, 2022 11:43 PM

GBP/USD IDEA - 22/04/2022 Short

GBP/USDOANDA

Description

Short trade:

Failed to make a new higher high. Downtrend continues. Looking to test the previous low.

Could break lows and continue lower or retest the previous low forming a narrow triangle.

76% of Retailer Traders are long. Continue shorting.

Risk 1% / Current Reward Ratio on the post would be a 1:1.

Let me know what you think of the idea in the comments. Please remember to like if you agree.
Comments
Ryan-L
Forecast for upcoming GBP news to be negative in the following days. This will further drive the price down.
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