GBPUSD POSSIBLE SHORT SETUP
TECHNICALS:
I EXPECT GBPUSD TO FALL
WE CLEARLY SEE A RESISTANCE @ 1.37450 , ALSO GBPUSD STOPPED MAKING HIGHER HIGHS
PERFECT ENTRY @ 1.37450
MY FIRST TP @ 1.36400
IF THE PRICE BREAKS OUT OF THE TRENDLINE I'M EXPECTING IT TO DROP TO MY TP2 @ 1.34700
THIS IS ONLY AN IDEA, I'M NOT GIVING ANY ADVICE , USE PROPER RISKMANAGEMENT
FUNDAMENTALS:
MONDAY 1 FEB 2021 -> USD ISM MANUFACTERING (USD)
WEDNESDAY 3 FEB 2021 -> ISM SERVICES JAN (USD)
THURSDAY 4 FEBRUARY -> BANK OF ENGLAND RATE DECISION
FRIDAY 5 FEBRUARY -> !!NFP!!
I EXPECT GBPUSD TO FALL
WE CLEARLY SEE A RESISTANCE @ 1.37450 , ALSO GBPUSD STOPPED MAKING HIGHER HIGHS
PERFECT ENTRY @ 1.37450
MY FIRST TP @ 1.36400
IF THE PRICE BREAKS OUT OF THE TRENDLINE I'M EXPECTING IT TO DROP TO MY TP2 @ 1.34700
THIS IS ONLY AN IDEA, I'M NOT GIVING ANY ADVICE , USE PROPER RISKMANAGEMENT
FUNDAMENTALS:
MONDAY 1 FEB 2021 -> USD ISM MANUFACTERING (USD)
WEDNESDAY 3 FEB 2021 -> ISM SERVICES JAN (USD)
THURSDAY 4 FEBRUARY -> BANK OF ENGLAND RATE DECISION
FRIDAY 5 FEBRUARY -> !!NFP!!
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