GBPUSD - Corrective Move Ahead

GBPUSD is moving short rang ascending channel. Currently testing upper trend line and resistance zone. With repeated r ejection from current zone it is anticipated that price will move for a corrective move from current zone. Break out of current resistance zone will provide short term Short Setup.

Outlook – Short

Short Entry (1.55830 - 1.55435)
TP 1 - 1.55050
TP 2 - 1.53982
SL - 1.56250


Sardar Uddin
TradeCuts

I somewhat agree with your call to short this currency. I took my shorts above 1.5600 and expect this pair to head down from here.

I’m on the opposite side. Long - aiming for 1.5800 TP.

That’s how markets work :slight_smile:

It sure is, bet one of us wins :slight_smile:

Even both of us could get the pips we want out of it :slight_smile:

Hope so, good luck!

Right back at you!

The shorts are already in the move but overall trend for long is still intact.
So if you are short keep them short and if You want to go long wait for dips to come along.
Best
-Sardar Uddin
TradeCuts

The shorts are already in the move but overall trend for long is still intact.
So if you are short keep them short and if You want to go long wait for dips to come along.
Best
-Sardar Uddin
TradeCuts

Read more: 301 Moved Permanently