GBP/USD SHORT

Hello Traders,

So, today i'm going to talk about GBPUSD. And on daily timeframe we can see the uptrend forming a possible new Higher High,
after a long impulse across 400 pips, reaching a value zone (1.30), the price needs to recover.
So, we can start monitoring this pair for a possible short position as it touches (1.30), aiming the (1.26) level.
We'll look for a signal of reversion on 4h candles.

Entry : 1.3000
SL: 1.30300
TP : 1.2600
R/R: 13.33
GBPUSD
Let me know in the comments if you have any question,
Have a nice trading week .

Komentar:

Hello Traders,

Today, the price finally reached and crossed the (1.30) level, hitting the uptrend line.
It looks to be forming the Higher High we wanted.
I will wait for the price to resist at this level, or we could get a possible fake breakout this week while GBP is strong.
If price resist look for a signal on 4h timeframe.
And if the price breaks the trend wait next week, or next level (1.32)
I will be updating this post.

I will let you here the two possible scenarios for this pair based on my personal analysis.

Let me know in the comments if you have any question.

Komentar:

The two possible scenarios chart is in the comments, because of not being a pro member.

I will upgrade it soon,
Thanks for your understanding.