DonDimadjo
Short

Is GBP/USD in a SELL mode, I wonder?

FX:GBPUSD   British Pound / U.S. Dollar
298 views
0
298 5
Looking at the hourly chart on GBP/USD , we've seen a first push down. I'm expecting the move to continue for the next couple of days and see 1 or 2 more pushes to the downside.
Well, we've seen 2 more pushes to the down side, just as I expected. The market move wasn't what I puctured above but still good enough for those, who followed. Hope you guys performed well and booked some pips for yourselves. https://www.tradingview.com/e/kwy0zc18/
Reply
Looks like the 1hr 200MA (dark green) is holding the pair, and we might not see a deeper pull back, instead, we may see the next push down. Keep in mind that it's the end of the week and some flows are possible. EUR/USD is trying to break down and GBP/USD may sink alongside. I was hoping to see a deeper pull back to 1.6080/1.6100 or even best would be 1.6115/20 but that may not happen. hard to take an entry. If i'm not give a good entry for a sell, i would be looking to buy at around 1.5990/1.5980 and hold for 40/50 pips (that would be a counter trade, i.e. against the downtrend.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out