Brian_Philips

GBPUSD Good position for a drop

Short
FX:GBPUSD   British Pound / U.S. Dollar
Based on the chart, Price is about to break the support area and based on the candlestick pattern a bearish engulfing completed.
So It would be better to open sell position on highs with a good risk/reward ratios.
Note: Please take risk management rules into consideration before opening any position.
Good Luck!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.