GBPUSD Short Idea based on Fundamentals
Updated
GBPUSD SHORT
Entry _ 1.2287 to 1.2337
SL - 1.2513
TP - 1.2061
Comparing the fundamental and economical data, the interst rates and infaltion alongwith GDP q/q, it is clear that GBP is becoming less demanded currency against the USD. With earlier ranges crossed and mometum shift in process , i believe that GBPUSD is heading for a clear short position from here on .
best of luck
Entry _ 1.2287 to 1.2337
SL - 1.2513
TP - 1.2061
Comparing the fundamental and economical data, the interst rates and infaltion alongwith GDP q/q, it is clear that GBP is becoming less demanded currency against the USD. With earlier ranges crossed and mometum shift in process , i believe that GBPUSD is heading for a clear short position from here on .
best of luck
Trade active
GBP index is reaching it resistance and USd starting to rise . trade is ative
Note
no change in the trade setup till now . it is going on
Note
This is the formation of an ending structureNote
still open. we shall not move the SL and TP
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