StraightForex

GBPUSD: Bearish MC, looking for short opportunities

Written by Raul Lopez on . Posted in Trades & Analysis

The GBPUSD traded in a range for a couple of days near an important long term resistance level, but now, it broke through the short term support level and is in a clear bearish market condition:

GBPUSD

GBPUSD

My Trading Plan:

As long as the GBPUSD keeps trading below 1.6076 I will be looking for short trade opportunities.

All short signals will be ignored.

Trade Safe
Raul Lopez

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Tags: Forex majors, GBPUSD Analysis, pound analysis

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Raul Lopez

I've been trading the markets for more than 14 years. All my trades are based on price action. Check out my Forex Trading Room. I can help you trade with better results.

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This is why my strategy will always work.

This is why my strategy will always work.

Most strategies and systems work for certain conditions, but once the market changes, loses start to come along.

Using the same strategy for every condition expecting the market to adapt to our system is a big mistake.

Adapt to the market conditions, and everything will change.

Try to understand what the market is doing, only then you’ll know what the market is likely to do!

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