Are you trading the GBPUSD? Here is my plan

Written by Raul Lopez on . Posted in Trades & Analysis.

The GBPUSD got rejected from an important long term resistance level. And as you already know, when the sentiment of the market is bearish, only short opportunities should be in play.

Here what the short term chart looks like:

GBPUSD

So right now I’m basically waiting for a small retracement to the short term resistance level around 1.5912.

If I see downward pressure around that level, I’ll take my short.

Do you agree with me?

Let me know

forex, GBPUSD Analysis

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 .
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