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MuhammadUmar007
May 16, 2023 11:06 AM

GBPUSD SHORT Short

British Pound/U.S. DollarFXCM

Description

Hello traders ,what do you think about GBPUSD?

It appears like all the significant events from the previous week have concluded, and the price may be ready to move.


We can see from the chart that the price already broke out from a significant "Wedge Pattern" and that following any pullback or halt, the price may start going lower once more.

Trade active

Took A Risky Short

Trade active

Here We Go in Profit :) Just Hold ✔️

Trade active

Reached TP1

Trade closed manually

Target Achieved
Comments
JoeChampion
I agree on USD strength, thanks!
MuhammadUmar007
@JoeChampion Well This Idea Is Old and has already reached the target, but USD strength is increasing so there are still chances of more down trend :)
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