Short
possible short setup
GBPUSD enjoyed a super bullish movement today (unfortunately I wasn't at my desk).
It managed to pierce into the newly formed mini uptrend channel however fell back down in the last few hours. I expect it to retest once again and fail again close around 1.385 and then fall backdown for a decent retracement.
Both US and UK has some strong economy data to be released so let's keep close eye on this.
Entry price: around 1..385; I will set mine at 1.38467 (order not put through)
SL: above 1.38625; mine is at 1.3865; however 1.387 is safer
TP: fib based. I will trail at 1.3818 if it reaches
SL hit or I will close by end of Friday.
GL.
It managed to pierce into the newly formed mini uptrend channel however fell back down in the last few hours. I expect it to retest once again and fail again close around 1.385 and then fall backdown for a decent retracement.
Both US and UK has some strong economy data to be released so let's keep close eye on this.
Entry price: around 1..385; I will set mine at 1.38467 (order not put through)
SL: above 1.38625; mine is at 1.3865; however 1.387 is safer
TP: fib based. I will trail at 1.3818 if it reaches
SL hit or I will close by end of Friday.
GL.
Note
SL changed to 1.387; possible SL hunt, but if US data is not that positive, this pair will shoot as price is now back in uptrendNote
:D Lost a bit more after moving the SL and got hit. Never mind, hope we all are safe. Have a nice weekend!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.