Thanks to The Working Trader for bringing this to my attention.
We have considerably bearish GBPUSD news, mentions of a possible rate cut, amongst others...
The technical setup in both daily and weekly charts is clear, downtrend continuation.
My time and price target is ultimately 1.41021, to be reached at or before June 1st.
The entry hasn't been confirmed on the daily, but RgMov is already printing new lows ahead of price action, which is a bearish signal.
I'll update with my entry short.
Cheers,
Ivan.
We have considerably bearish GBPUSD news, mentions of a possible rate cut, amongst others...
The technical setup in both daily and weekly charts is clear, downtrend continuation.
My time and price target is ultimately 1.41021, to be reached at or before June 1st.
The entry hasn't been confirmed on the daily, but RgMov is already printing new lows ahead of price action, which is a bearish signal.
I'll update with my entry short.
Cheers,
Ivan.
Trade closed: stop reached
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🔒Want to dive deeper? Check out my paid services below🔒
linktr.ee/ivanlabrie
linktr.ee/ivanlabrie
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.