GBP/USD My Trade Idea....

Morning everyone...

I have been looking at some charts today and the GBP/USD is catching my eye, I think this is possibly setting up a decent shorting opportunity and I will be looking to get short should my resistance levels be tested and hold.

I think a daily close below the 30-day moving average at 1.6381 will accelerate price further down to the 30-day lower bollinger-band at 1.6228 and this is also close to 50% retrace of the 1.5854-1.6605 up-leg at 1.6229.

Will probably look to try and get short between 1.6395/420 with a stop above 1.6460.

I have attached a 1hr chart for reference of the resistance zone.
 
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Morning everyone...

I have been looking at some charts today and the GBP/USD is catching my eye, I think this is possibly setting up a decent shorting opportunity and I will be looking to get short should my resistance levels be tested and hold.

I think a daily close below the 30-day moving average at 1.6381 will accelerate price further down to the 30-day lower bollinger-band at 1.6228 and this is also close to 50% retrace of the 1.5854-1.6605 up-leg at 1.6229.

Will probably look to try and get short between 1.6395/420 with a stop above 1.6460.

I have attached a 1hr chart for reference of the resistance zone.

Just went short GBP/USD at 1.6412, stop is up at 1.6462, looking for 1.6280 this week.

Just added a small short to my current position at 1.6395, same stop and target.
 
 
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