GBPUSD swing sell idea(1:7-1:15RR)GBPUSD has been bullish for a while, mainly because of the weakened dollar, which has been falling for a whole month. As the US Presidential election is getting closer, we expect the dollar to be bullish until then, as potential rate cuts are coming soon. The structure on GBPUSD has turned bearish, with multiple fundamental indicators like VWAP and Fibonacci levels have been respected. Our first TP target is 1.30 for 200 pips. Will update weekly.
As always trade safe and expect the unexpected.
Fractals Trading Community,
Mei
Gbpusdswing
#GBPUSD: Update 1000 PIPS Idea is Still ValidDear Traders.
Our last idea on FX:GBPUSD we had given you an important update that price will go slightly higher around 1.2760 and then reject from there and price did the exactly same thing. Here is second update, price may touch 1.2702 area once again and then drop heavily or drop straight from this point. We will have to wait and see how DXY holds up the bullish momentum. If it continue the bullish momentum then we can see GBPUSD drop even below in short time.
Let us know what all you think about GBPUSD ?
GBPUSD NEXT SWING!Hello Dear Traders, here is the full UPDATED Analysis / Breakdown for GBPUSD.
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