BluetonaFX - GBPUSD SHORT to Monthly Low Idea
Hi Traders!
The bears are currently dominating GBPUSD, and they are potentially targeting the low for October.
Price Action 📊
The price action currently looks bearish, with market swings showing lower highs and lower lows.
We are looking for a break and a close below the trendline support for a possible continuation towards October's low.
Fundamental Analysis 📰
The US dollar continues to trade strongly amid rising yields and escalating tensions in the Middle East, after US Federal Reserve Chair Jerome Powell stopped short of hinting that US interest rates have peaked.
Support 📉
1.20927: TRENDLINE SUPPORT
Resistance 📈
1.22255: SWING HIGH RESISTANCE
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
The bears are currently dominating GBPUSD, and they are potentially targeting the low for October.
Price Action 📊
The price action currently looks bearish, with market swings showing lower highs and lower lows.
We are looking for a break and a close below the trendline support for a possible continuation towards October's low.
Fundamental Analysis 📰
The US dollar continues to trade strongly amid rising yields and escalating tensions in the Middle East, after US Federal Reserve Chair Jerome Powell stopped short of hinting that US interest rates have peaked.
Support 📉
1.20927: TRENDLINE SUPPORT
Resistance 📈
1.22255: SWING HIGH RESISTANCE
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
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