British Pound / U.S. Dollar

Short

SELL GBPUSD

By Tigran_Ambarcumyan

Updated

GBPUSD is trading now at RSI 76 and currently faced a resistance level. I assume it will drop from the resistance line. The first target will be 300 pips.

Note

You can either close the trade and take the profit or use trailing stop and wait until it drop more since there is still a lot of potential of it.

Trade closed: target reached

Reached the target. Trade closed.

Note

profit was +467 pips.

Tigran_Ambarcumyan

Also on:

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.