(GBPUSD) Mon, 21 November 2022 Setup
GBPUSDGBPUSD Short bias
Status: Open short position
What do I see?
- Building Permits Prel and Housing Starts created a bearish response.
- USDCHF is starting a new bullish trend.
- My Indicator shows an ideal short entry point area.
- The 1.18826 support line should be broken and closed below the line to confirm the start of the downtrend.
- Existing Home Sales report got bullish interest, but in the technical view, it doesn't reflect a bullish trend ... instead a potential bearish trend.
What I would do?
- Hold the position as long as possible, and seek for break-even confirmation
Happy Trading! Good luck!
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