GBPUSD Vulnerable to downside pressure
Brexit no deal is looming and we could see a shift to the dark place in the cable. Enough of European Union negotiation, we can see that price sits just below the two strong confluence (Pink Horizontal Lines), these are price zones where buyers and sellers make important decisions. Tonight the news is all about Brexit and the chart will give us the final confirmation of what the investors think about the GBP.
SHORT IS THE CALL
SHORT IS THE CALL
Trade active
The Cable is now making its way below the structural price point which indicates, the bullish run to the top has now stopped.The situation is now clear;
1. Price is trading below 1DClose, below 2 Strong Confluences, Below structural price point. Short is the only option here as long as we are below the structural point.
Update time and Date: 21-Sep-18; 09:50am
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.