GBP/USD SHORT AT KEY RESISTANCE
Trade to be taken at the break and confirmation of support. This could be the start of a med/long term dxy rally! I will explain my idea further in a second post later today.
GBP/USD is at a major resistance after failing to hold it as support. It is also looking to break down from this support
The DXY also looks to break above the horizontal support.
And potentially an inverse head and shoulders on the larger time frame
Euro also in a similar set up
GBP/USD is at a major resistance after failing to hold it as support. It is also looking to break down from this support
The DXY also looks to break above the horizontal support.
And potentially an inverse head and shoulders on the larger time frame
Euro also in a similar set up
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I've entered 20% of the position
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First TP hit on DXY target