[GBPUSD Short] 26 May, 2021 - Roger V Trading Ideas
26/5/2021
GBPUSD [Sell/ Short]
Entry Resistance level idea:
1.41900 Resistance
TP Support level idea:
1.40080
Final SL for all Short positions:
1.42950 Resistance Level
Comment:
Pound is currently at its consolidation stage.
Weekly has not form a bearish candlestick yet, which means the trading idea at the moment will still be an early stage of thinking GBPUSD will be going in a bearish trend.
The better option, would be atleast wait for weekly to form a bearish candlestick before going in.
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(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
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Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
GBPUSD [Sell/ Short]
Entry Resistance level idea:
1.41900 Resistance
TP Support level idea:
1.40080
Final SL for all Short positions:
1.42950 Resistance Level
Comment:
Pound is currently at its consolidation stage.
Weekly has not form a bearish candlestick yet, which means the trading idea at the moment will still be an early stage of thinking GBPUSD will be going in a bearish trend.
The better option, would be atleast wait for weekly to form a bearish candlestick before going in.
--------------------
(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
--------------------
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
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.