GBPUSD has broken the 1.40 upward trend line, the 1.40 pivot level as well as the 1.3959 fibbo support and continues to look heavy. Dollar is strong post the recent FOMC meeting and we see no sign of this slowing anytime soon.
I would therefore look to sell GBPUSD around the 1.13960 level and would add another sell around the 1.40 level and stop both clips around the 1.4027 fibbo lvl.
GBPUSD short 1 @ 1.3959
TP: 1.38
SL: 1.4027
Goodluck!
I would therefore look to sell GBPUSD around the 1.13960 level and would add another sell around the 1.40 level and stop both clips around the 1.4027 fibbo lvl.
GBPUSD short 1 @ 1.3959
TP: 1.38
SL: 1.4027
Goodluck!
Note
Trade running nicely in the profit of +80 pips ... Moved SL to entry to protect capital.Note
Trade running nicely in the profit of +100 pipsNote
Closed this trade @ 1.3825 for a profit of +134 pips!Note
Closed GBPJPY short for a profit of +60 pipsNote
Total of +194 pips made on this idea.
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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.