Get started
British Pound / U.S. Dollar
Short

SHORT GBPUSD

By pecpec
Updated
Pros
  • Channel-break.
  • Double top confirmed.
  • The dollar is strengthening.

Cons
  • Countertrend.

Strategy
  • I'm gonna try to sell on pullback.
  • I think the double top projection is too agressive. That's because i put it on 38/50% zone.
  • The stop is above the support zone and channel uptrend.
  • The divergence on hourly timeframe can cause a pullback to enter short.
Order cancelled
channel-breakDouble TopDouble Top or BottomGBPUSDLONGSupport and Resistance
pecpec

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.