GBPUSD 1.20999 -1.01% SHORT IDEAGOOD DAY TRADERS
HERE'S AN IDEA ON THE GBPUSD, IT WAS ANOTHER BAD WEEK FOR THE POUND THIS PAST WEEK PROBABLY DUE TO RISING BREXIT FEARS, BAD ECONOMIC DATA FROM THE UK AND THE PANDEMIC PUTTING PRESSURE ON RISK ASSETS AND ALSO THE BANK OF ENGLAND RAISING THE PROBABILITIES OF MORE STIMULUS MEASURES.
> GBPUSD IS TRADING AT 38.2% FIBONACCI LEVEL ON THE 4H CHART
> CCI - -241.4 WHICH COULD BE SIGNALING A RETRACENMENT TO THE UPSIDE BEFORE CONTINUATION TO THE DOWNSIDE
LOOKING FOR SHORT OPPORTUNITIES ON THE PAIR
RISK MANAGEMENT
PERIOD - SWING
