National Lockdown in Great Britain; covid-19; short position

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In this analysis in H4 timeframe, we have a confirmation of price action reversal of the trend. Well, as we see a good opportunity to short GBP/USD. Based in the speculate news we see that Pound it's goes to bearish trend becuase Pound was sell it based in the bad news that U.K. Prime Minister Boris Johnson put lockdown today in United Kingdom for the over number of more covid-19 cases.

So, that it's so interesting to look this position and we see a bearish rising wedge.

Ok, I put a sell order limit at $1.3610 USD with a SL at $1.3680 (70 pips) and a target profit at $1.3360 (250 pips)

ảnh chụp nhanh

And looking this Daily chart, obviously, Pound end today with a bearish reversal and that show that this week, Sterling it's not have good news in Forex sepcualte news if you see in investing.

That it's it

Good luck!!!
Giao dịch đang hoạt động
We're into thd market. was activated my sell orser limit
Giao dịch được đóng thủ công
Closed manually, new update!!!
bearishrisingwedgeChart PatternsForexFundamental AnalysisGBPUSDgbpusdshortpriceactionstrategyTrend Analysistrendanalysisexplaineduknews

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