S4Y1
Short

Short view on GBPUSD

FX:GBPUSD   British Pound/U.S. Dollar
100 0 8
8 months ago
Because of the strong resistance @1.46653 and the chart seems like DOUBLE TOP . I would like have a strong short view on GBPUSD             (you can also find a trend resistance in day chart)

I have two guesses on GBPUSD             , which are shown in the picture.

If GBPUSD             tests the 1.464 level again and cannot break out. I definitely will short it with a big short position. Maybe I would like take a little bit more risk to do it.
If GBPUSD             goes down directly, I prefer sell the pull back. And i would like to control my risk.

For the scenario 1, entry @1.464, TP@1.443, SL@1.47
For the scenario 2, entry @ pull back, TP@1.443, SL@ 1.47
8 months ago
Comment: BTW, if you saw my previous ideas, you would find i already have some short position.

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