DonDimadjo
Short

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

FX:GBPUSD   British Pound/U.S. Dollar
297 2 0
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.
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
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
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out