Funt Brytyjski/Dolar USA
Short

GBPUSD - SHORT - Broke trend line + Head & Shoulders + W

214
GBPUSD - There are more strategies that are indicating that we should be looking for SHORT on GBPUSD. Firstly on Daily chart there is W strategy which we should be looking for. Second point is that we broke a trend line and there is also Head & Shoulders which is also indicating bearish environment.

At the moment we will be monitoring market and actually waiting for a retracement at least to 38,2% of Fibonacci which should be at 1.22200 which is also a strong area that used to be support line and now should turn into the resistance line. From there we will be looking for a SHORT with two Take Profit levels.

Stay tuned if you would like to know more, how we will take this trade.

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