GBPUSD - Short scenario
Hello,
I will wait for a confirmation signal on M5 but we arrived on an interesting zone for a short. (Confluence)
The Dollar seems to stay bullish for now so it can increase our probability. Also, we have EURGBP that broke a major resistance so GBP seems to weaken a little bit.
We can target the previous low and/or play a longer short trade if the market decides to keep going down.
I will wait for a confirmation signal on M5 but we arrived on an interesting zone for a short. (Confluence)
The Dollar seems to stay bullish for now so it can increase our probability. Also, we have EURGBP that broke a major resistance so GBP seems to weaken a little bit.
We can target the previous low and/or play a longer short trade if the market decides to keep going down.
Trade active
First TP touched
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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.