Time to SELL GBPUSD Short

British Pound/U.S. DollarFXCM

Description

⋅ Oct 23, 2020 3:39 AM

The price went a little higher than I think in the last forecast, but I think that it was a false breakout.
The price reached two small resistance lines and started falling.
The target remains the same (support line of the growing channel)

Comments

InkyGrip

⋅ Oct 23, 2020 11:23 AM

good one My Friend! 🦐🦐🦐

DeGRAM

⋅ Oct 23, 2020 12:35 PM

@plancton0618, Thanks

Lingrid

⋅ Oct 23, 2020 8:07 AM

Judging by the news that retail sales are higher than the GBP estimate, I expect growth📈

DeGRAM

⋅ Oct 23, 2020 10:16 AM

@Lingrid, Thanks for the news, I still count on a fall, because the intersection of two lines gives a lot of strength to the price to down.

ce-group

⋅ Oct 23, 2020 8:19 PM

@Lingrid, does the retail means the gbp is weaker than USD according to sales of economics?

Solldy

⋅ Oct 23, 2020 1:17 PM

I am waiting for the price to reach the lower channel, where will the price go then?

DeGRAM

⋅ Oct 23, 2020 2:00 PM

@Solldy, It's too early to talk about it, there is a possibility of raising.

TradingAlchemist

⋅ Oct 23, 2020 10:55 AM

thank you, appreciate it

DeGRAM

⋅ Oct 23, 2020 12:35 PM

@TradingAlchemist, Welcome