Short

[Signal] GBPUSD: Brexit Weakness Persists

Updated

GBPUSD
Timeframe: 1D
Direction: Short

Confluences for Trade:
- Bearish candle formations
- Stochastic Overbought momentum
- Price action near resistance trendline
- Fundamentally, Brexit will be volatile. Will a weak vote push up the pound because it delays and may cause a second referendum? Or this will make UK's economy grow even weaker due to the constant delay of business growth from Brexit uncertainty.

Suggested Trade:
Entry @ Area of Interest 1.2800 - 1.2900
SL: 1.2959
TP: 1.2602
RR: Approx. 2.46 (Depending on Entry Level)

May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.

Trade closed: stop reached

weekendanalyst

Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.

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