GBPUSD SWING SHORT
GBP
USD has been in a persistent downtrend for much of the year as the DXY has been strong.
On the weekly chart, the price in the past week did a "buy Pop" up crossing the EMA8 and EMA13
lines, The relative strength topped up and downturned while on the MACD, the lines
have been long below the histogram but in the mast week a K and D lines crossover
occurred.
I see these as reasons to add to GBPUSD swing short with little risk as compared
with intermediate-term profit reward expectation.
USD has been in a persistent downtrend for much of the year as the DXY has been strong.
On the weekly chart, the price in the past week did a "buy Pop" up crossing the EMA8 and EMA13
lines, The relative strength topped up and downturned while on the MACD, the lines
have been long below the histogram but in the mast week a K and D lines crossover
occurred.
I see these as reasons to add to GBPUSD swing short with little risk as compared
with intermediate-term profit reward expectation.
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