TraderAvDM

GBPUSD can still drop to 1.2158.

FX:GBPUSD   British Pound / U.S. Dollar
Hello friends, I have been publishing Sell ideas on GBPUSD for the last two. If you remember, in my previous idea, I mentioned about GBPUSD should break the important level of 1.2410 and then we can confirm the downtrend. Here's the previous chart.
So, GBPUSD has already broken below this important level couple of days ago.

Currently, price retested the broken Support and it appears to have been rejected on the 4H chart.

So, I believe GBPUSD will drop to 1.2240 and 1.2168 in the coming weeks.
Trade active: GBPUSD already sold at 1.2251 again today as most of you who follow me already know

Comments

i agree, here is my view
+2 Reply
Thank you Prof
+2 Reply
hi bro.
Given the time frame of the analysis, if we're going to have to drop support points, we need to fundamentally have issues like weakening the dollar index ahead. Do you think the United States will allow the dollar index to weaken again?
+2 Reply
TraderAvDM JALALORAEI
@JALALORAEI, I am not sure exactly but I don't think the dollar is going to be weak versus the pound
Reply
Thank you professor i also take GU
+2 Reply
Super analysis . and indeed great position entry .. another bravo !!
+1 Reply
I love how simplicity is the key with yourself, it helps me learn so much easier! I can really understand whats happening in all your analysis you post
+1 Reply
Good analysis professor. Your analysis is teaching me alot. Keep it up
+1 Reply
looks good. thank you for sharing.
+1 Reply
Good chart..professor
+1 Reply
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