GBPUSD - OCT 1 - BEARISH CONTINUATION
GBPUSD structure almost the same as EURUSD. Chart pattern looks identical to my EURUSD chart which is forming inverse head and shoulder. Bearish is still bias until 1.2950-60 where the right shoulder can potentially form.
We can still short GBPUSD after its pullback and target 1.2950, where we will observe and look for a buy!
Entry levels will be updated as the market opens on Monday.
Feel free to share ideas and leave a like!
We can still short GBPUSD after its pullback and target 1.2950, where we will observe and look for a buy!
Entry levels will be updated as the market opens on Monday.
Feel free to share ideas and leave a like!
Comment:
If you choose to enter earlier than my posted entry, choose a position size that will not destroy your risk management.
Trade active:
Price has now gotten to our sell area. The pair moved wild a while ago probably due to some Brexit developments.
Trade this pair carefully. Use small lots as GBP pairs are like bombs waiting to explode either ways due to Brexit negotiations.
Trade with care.
Trade this pair carefully. Use small lots as GBP pairs are like bombs waiting to explode either ways due to Brexit negotiations.
Trade with care.
Comment:
Running +30 pips. move SL to breakeven.
Comment:
TP 1 HIT. 10 pips away from TP2!
SL: 1.3130
TP: 1.30, 1.2970
**NOTE: Trade at your own risk!