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YourLazyTrader
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GBP/USD Analysis : Sell after FOMC? بيع

FX:GBPUSD
British Pound/U.S. DollarFXCM

الوصف

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Dear traders, as I mentioned in my previous idea GBP/USD is slowly
moving towards the 1.2680 resistance level.

So, it would be better to wait and watch the price action at this level before
executing any trades. Also, keep in mind that we have the FOMC event
later in the day which could lead to a lot of volatility in GBPUSD pair.

In case we can see the formation of bearish price action at the resistance
level, selling GBP/USD@1.2680 with SL above resistance and TP at 1.2350
is a potential sell plan. Keep in mind this set-up is speculative and it will
depend on price action whether this trade is executed or not.

تعليق

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As expected, price falls after hitting the resistance
Trend AnalysisChart PatternsBeyond Technical AnalysisGBPUSDgbpusdshortgbpusdanalysisgbpusdtradegbpusdidea
التعليقات
LegionQ8
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Your GBPUSD idea seems to be very accurate, I think the same
RLinda
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Thank you, a good look at the market allows many subscribers to more accurately determine the direction)
Setupsfx_
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Amazing
JoeChampion
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Good work, i agree on USD strength!
jpeacockfx
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Great analysis. Must admit going against the trend is a hard game to play but if it works for you then keep at it!
ProjectSyndicate
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could be a great setup with the fake breakout and reversal
linofx1
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likely scenario 👍
TheFxAce
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The resistance level is strong been a couple of rejections there before I was also looking to sell there thanks for the confirmation :)
Gold-Tech
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A potentially successful plan. Thanks for sharing)
basictradingtv
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interesting, let's see!
المزيد