Classic Short Setup (GBP/USD)

85
GBPUSD

Post Brexit GBP has been extremely choppy, Recommend entering with a conservative amount due to the high risk exposure.
Long Term Target : 1.0500
Stop loss : 1.4200

- Potential 'Last kiss Strategy' Setup
- Retest of the 0.38 Fibonacci retracement
- Retracing to the nearest resistance line at 1.38700

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.