Is it time to short GBPUSD ?
GBPUSD is likely at a critical point both from fundamental (Brexit negotiations) and technical (multi-year resistance lines) points of view.
As we see the impulse cut short with the truncated wave 5, it makes sense to seek enter into a Short position:
Sell order @ 1.3380, TP1 1.3000, TP2 1.2700, SL 1.3530
As we see the impulse cut short with the truncated wave 5, it makes sense to seek enter into a Short position:
Sell order @ 1.3380, TP1 1.3000, TP2 1.2700, SL 1.3530
Trade active
Short @ 1.3380, TP1 1.3000, TP2 1.2700, SL 1.3530Trade active
Move Stop to 1.3370Trade closed: stop reached
Stopped out at 1.3370+10pip
Will seek a new short entry point
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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.
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.