Possible SHORT on GBPUSD
Well well well, if it isnt GBPUSD coming back crawling to us with a potential short. Let's get it! Here's what I see...
I believe the price can fall to the previous structure lows at least 50 - 80 pips. We should be able to take profit during the London session if you can get short now. Let's see what the price ends up doing.
- double top flirting around my 200-EMA that should ultimately keep the price down.
- price in the overbought region of the MFI
I believe the price can fall to the previous structure lows at least 50 - 80 pips. We should be able to take profit during the London session if you can get short now. Let's see what the price ends up doing.
Note
Going to try to start publishing actual entry and exit prices before the trade fully develops. So here it goes, I'll publish 2 signals, one for conservative traders and one for more aggressive traders.Conservative Trader Signal
Entry: 1.23068
SL: 1.23558
TP: 1.22285
(78 possible pips)
Aggressive Trader Signal
Entry: 1.23068
SL: 1.23068
TP: 1.21861
(120 possible pips)
*Keep in mind, my profitable trades average about 7 - 24 hours (give or take) from entry to exit.
Trade active
Okay, I'm going to get in this trade once the price hits 1.23068. This is MY play. Lock me in!My entry: 1.23068
Stop-Loss: 1.23414
Take-Profit: 1.22635
(43 possible pips)
Order cancelled
The pair consolidated a bit and made another push to the upside. I'm out of this trade unless it falls back down under the 200-EMA.
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.
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.