ADAMMAC
Short

GBPUSD DAILY SHORT POSITION

FX:GBPUSD   British Pound / U.S. Dollar
Price has bounced off the monthly trendline and major levels of resistance forming a bearish engulfing . Momentum to the downside with breaks below 1.440 suggesting possibly further price action to the downside confirmed by the moving averages.
Comment: Looks like a double top is starting to format a previous critical level.

Price not reaching new highs so still remains bearish.

Along with breakout/ retest of monthly trend line.

Looking to short at level of interest.
Trade active: Looking to benefit from the momentum of the bearish engulfing to targets set 10 days ago. Market conditions are appropriate to enter due to the second bounce off of the monthly resistance and trend line.

This forming a double top and a potential reversal.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out