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British Pound / U.S. Dollar
Short

GBPUSD Live Trade Update

By Deensesay

GBPUSD H4- Price is operating in an area that I call the Monthly Resistance Zone.

Reason For Entry-

Fundamentals- With the DXY Dollar Index braking a multi-year low and then rising, it looked like a good time to sell GBPUSD.

Double Top formed, overbought RSI (72.40) followed by Engulfing Candle indication on potential new trend going down

SL- 76 PIPS🛑
TP- 76 PIPSâś…
TP2- 152 PIPSâś…
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Deensesay

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