GBPUSD sell idea Short

British Pound/U.S. DollarFXCM

Description

⋅ May 18, 2020 10:00 AM

Day swing trading idea

Gbpusd is in a downtrend and we are just following the trend

we wait for price to touch our nearest resistance to look for sell opportunities

however selling confirmations are also needed such as strong bearish candles e.g doji

in addition we are might place a sell limit @1.21681 with a stop loss or risk of
+15 pips above resistance level

and a reward of +300 pips at monthly support level

goodluck and cheers

Comments

DanielLubbe

⋅ May 18, 2020 7:39 PM

Thanks it is very close to 1.22 at the moment There is no definite indication of a bearish trend Hope your play out the way we wish to as my trade is in on Bearish Keep well

Aussie-scalper

⋅ May 18, 2020 11:13 AM

stoploss is BIT TIGHT FOR ITS VOLATILITY....

KudaChenjerai

⋅ May 19, 2020 6:41 AM

@Aussie-scalper, true

CryptoCheck-

⋅ May 18, 2020 10:09 AM

This Is How We Move Into A BULL MARKET

KudaChenjerai

⋅ May 19, 2020 6:41 AM

@CryptoCheck-, good forecast

CryptoCheck-

⋅ May 18, 2020 10:09 AM

nice work

KudaChenjerai

⋅ May 19, 2020 6:41 AM

@CryptoCheck-, thanks