GBPUSD is showing bearish sentiment. We are in a downtrend for a few days now. It may reverse today with the news but until then my bias is bearish. I am taking a short to Asian session's low. Let's see if it play's out.
I normally don't like to go against the higher timeframe trend, especially in a possible reversal zone. So if you take the same trade, use less risk.
Once the market shows signs of reversal, we can ride it back up.
I normally don't like to go against the higher timeframe trend, especially in a possible reversal zone. So if you take the same trade, use less risk.
Once the market shows signs of reversal, we can ride it back up.
Trade closed manually
I closed the trade. Look at my new trade idea.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.