GBPUSD | TO GO SHORT?

GBPUSD TO FALL?

With British Economy in a complete state and US Dollar gaining so much power due to recent Inflation values and quantitative tightening, its hard to see how GBP would fair to gain much more than it already has.
We could see a further swing low as we form the M pattern (DOUBLE TOP) commonly seen as an indication of reversal.

Time will tell but we firmly believe this could happen.

We will be reactive and not predictive and wait for a retest of our zone once we are refused from the high.

This trade will be invalid if we see no refusal or further break to the upside.

Comment:

Starting to see signs of major rejection from the top, need to see a breakout lower first fully and then a retest of the area before this swing trade could be active. Hold Tight, patience is rewarded!

Trade active:

Entry was confirmed on a lower timeframe! Lets see how far we go!

Will set BREAKEVEN once we feel sure it wont come back to just take it out. STAY TUNED!

Comment:

For those who didn't take the entry, the opportunity has presented itself again to enter on this particular trade

Comment:

It's taken a little longer than expected to drop, but finally, its starts to go!

Comment:

NFP IS THE REAL KICK, set to BREAKEVEN!

Trade active:

Moved SL to 1.21997 To ensure a win on this, holding out for full TP

Trade closed manually:

CLOSED OUT 50% of this trade!

Moved SL to: 1.20805

Securing all wins!

Trade closed manually:

All Done!