I couldn't resist the GBP/USD bear opportunity here displaying a broadening pattern.
I'm already in established shorts on the EUR/USD at 1.0891 but decided to jump in on GBP/USD at 1.2916 considering the price movements can be more pronounced.
Right now, my cap on whether this trade works or not is 1.3000. if we, for whatever reason, pop back up to 1.3000, I'd close this trade but for now, I think this trade looks good and will target 1.2750 however, using chart pattern percentages, I wouldn't be surprised to see 1.2600.
We'll see how this one looks going forward, especially with trump announcing more tariffs later today.
As always, Good Luck & Trade Safe.
I'm already in established shorts on the EUR/USD at 1.0891 but decided to jump in on GBP/USD at 1.2916 considering the price movements can be more pronounced.
Right now, my cap on whether this trade works or not is 1.3000. if we, for whatever reason, pop back up to 1.3000, I'd close this trade but for now, I think this trade looks good and will target 1.2750 however, using chart pattern percentages, I wouldn't be surprised to see 1.2600.
We'll see how this one looks going forward, especially with trump announcing more tariffs later today.
As always, Good Luck & Trade Safe.
•NYC Trader since 2008
•Need Help Trading? internaltrader.com/helptrading
•Need Help Trading? internaltrader.com/helptrading
Related publications
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.
•NYC Trader since 2008
•Need Help Trading? internaltrader.com/helptrading
•Need Help Trading? internaltrader.com/helptrading
Related publications
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.