GBPUSD short position, long shot
The gbpusd long position is the same as mentioned in another post (See GBPUSD, potential long at triple bottom).
The short position might be a "long shot", in the way that we will most likely not see it happen in the closest future. In 2-4 weeks we might see the trade happen. The plan is to short close to the resistance on 4 hour chart, which has held its ground multiple times earlier. We will short this down to right above fibonacci 61.8, at 1.41. The SL will be a little bit above. The chart shows the plan.
Entry: 1.4500
SL 1.4540
TP 1.4100
The short position might be a "long shot", in the way that we will most likely not see it happen in the closest future. In 2-4 weeks we might see the trade happen. The plan is to short close to the resistance on 4 hour chart, which has held its ground multiple times earlier. We will short this down to right above fibonacci 61.8, at 1.41. The SL will be a little bit above. The chart shows the plan.
Entry: 1.4500
SL 1.4540
TP 1.4100
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