Short

GBPUSD: 1000 pips Swing Selling Idea, What do you think?

Updated

Dollar influenced in the beginning of the year is extreme probably after the major holidays, market moved back to normal level of volume. DXY is bullish because of news coming ahead in this week and other reason was most of the usd pairs were overbought such as gbpusd and eurusd.

GBPUSD dropped heavily since yesterday and we expect price to continue dropping to level up the market equilibrium. Enter now with your suitable stop loss to get most out of this chart analysis.

Please like the idea if you agree with it.

Trade active

Note

Price is ranging around our entry point, expecting it to drop tomorrow

Note

- DXY is finally showing some bullish momentum since yesterday. A possible bullish reverse on DXY can help drop this pair further. GBP show some weakness after last week dominance. Our idea is still valid from previous update.

Note

Price is hovering around our price reason. Still selling is possible, this week can be a strong week for DXY.

Note

-Price is in consultation phase, still now there is no strong confirmation of how price will behave. We need to wait for further strong confirmation.

Note

:250+PIPS Dropping well and nicely. We can see price hitting 1.2400 area soon. Will update you tomorrow. Well done to all those who liked the idea and took the sell entry. Possibly, it will be massive trade.

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