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sanasaeed
Mar 21, 2024 7:24 PM

GBPUSDT Short: Dow Theory Short

British Pound/U.S. DollarFXCM

Description

GBP is making hower lows and lower highs on the charts which shows the downtrend of this script. According to dow theroy we can take a short trade from this point and tp will be the next lower low of the chart and sl would be the previous lower high of the script.
Comments
Insitutional
lets go for tp
NAOUM_Uceda
great analysis
TheFxAce
The case for shorting, as you've laid it out, is convincing and logically sound.
Eleazarahmath
I agree with your analysis, which indicator you use for the HH AND LL
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