GBPUSD SHORT. DXY LONG
Updated
Good morning traders,
GBPUSD H1 showing clear short potentials as it broke daily previous lows.
The volume increasing as price decline is another suggestion that we may carry on seeing short on this pair
Furthermore, DXY bullish on daily time frame. We also saw short term retracement on GPBUSD and EURUSD last week, where retail buy stop traders were trapped with heavy selling pressure on top, suggesting it would be a long time until price would reach that level again. We are likely to see GBPUSD break daily support at this stage
For now, waiting for short term retracement to enter sell orders
GBPUSD H1 showing clear short potentials as it broke daily previous lows.
The volume increasing as price decline is another suggestion that we may carry on seeing short on this pair
Furthermore, DXY bullish on daily time frame. We also saw short term retracement on GPBUSD and EURUSD last week, where retail buy stop traders were trapped with heavy selling pressure on top, suggesting it would be a long time until price would reach that level again. We are likely to see GBPUSD break daily support at this stage
For now, waiting for short term retracement to enter sell orders
Note
Waiting for the retracement to enterTrade active
Trading running nowMoving SL to entry as market closing soon
Trade closed: target reached
TP hit +2.20%+62 Pips
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