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
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
Comment:
BTW, if you saw my previous ideas, you would find i already have some short position.
