Gbpusd short

Trading Discussion
1

GBPUSD 4HOUR CHART

gbpusdh4w1.jpg700×460 30.7 KB

Long or Short: Short
Entry Point: 1.52800 After retest of 1.53020
Stop Loss: 1.53320 [30 pips above previous two weeks high(1.53020)]
Profit Target: 1.50300

Trade Explanation:
Price is about to retest previous two weeks high which is at the 50% fib. Resistance at 1.53020 Held two weeks ago.

2

Hey Pips call

You just said what I was doing, cant wait but share with you my chart:

gbpusdh4-sell.jpg700×389 25.1 KB

3

Lets hope the big players fuel the move.

4

@GBP/USD
It didn’t broke the upper resistance level yet,and it looks like it hit a big obstacke,but idk,I kinda feel bullish on this.
My feelings are:
Entry Point: 1.528
Stop Loss: 1.51
Profit Target: 1.53

5

I guess we’ll find out where it goes soon enough.

6

Good luck!

7

thanks, so should i target avarage 30 pips for this week is it ok?

8

For me +30 pips a week is always ok. I try to look for consistency rather than the big 500 pips move.

9

risking 180 pips for only 20 pips profit? wtf