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Thursday, November 26, 2020

GBPUSD - Short First and then Long for more PIPS

GBPUSD - Short First and then Long for more PIPS


๐Ÿ“ 10+ years experience in markets
๐Ÿ“Professional Stock market and Forex trader
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๐Ÿ“Covering FX / Gold Spot / NSE-BSE / DFM / ADX / US Stocks
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⏳ 1 Day Chart analysis

Looking to sell at 1.3483
Resistance located at 1.3483
Major Resistance located at 1.3515

Major falling trend is broken
Although - the trend is bullish overall

A correction is possible with plenty of room to move lowed without impacting the trend higher - ]

Looking to sell at rallies

KEY NOTE - SPECULATIVE SETUP - not a financial advise - do your own analysis
Please use STOP LOSS and don’t risk more then 1% or maximum 2% of your total account

Tagged Short as I expect short first then long after confirmation

๐Ÿ“’ Retracement to support area
± 1.3310 fresh demand zone
± 1.3483 fresh supply zone

๐Ÿ“’ Analysis / Trade Setup / Long and then short
± GBPUSD 1 day chart
± Short-term Bearish # Long term-Bullish
± Support and Resistance in play
± Major Falling broken and heading toward resistance area
± Bullish trend reversal
± Testing to towards to support area is needed to confirm the bullish trend
± Go long for more pips

Short Target - 1.3310
Long Target - 1.36997

from Trading Ideas
via gqrds

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