GBPUSD: Looking for short trading opportunities

The GBPUSD traded for a while in an undefined range, very difficult to trade by the way, but earlier today, during the European session it broke the bottom of that range. Please take a look at the next chart.

Now, it will probably head to the next mayor support level around 1.6029.

Here is my trading plan:

I will look for short trading opportunities, will place my take profit level above the next long term support level around 1.6029.

All long opportunities will be ignored.

Good luck!

Raul Lopez

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Raul Lopez

I’ve been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .