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!
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.
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.