(GBPUSD) Mon, 21 November 2022 Setup

21 thg 11, 2022

GBPUSD

GBPUSD Short bias
Status: Open short position

What do I see?
- Building Permits Prel and Housing Starts created a bearish response.
- USDCHF is starting a new bullish trend.
- My Indicator shows an ideal short entry point area.
- The 1.18826 support line should be broken and closed below the line to confirm the start of the downtrend.
- Existing Home Sales report got bullish interest, but in the technical view, it doesn't reflect a bullish trend ... instead a potential bearish trend.

What I would do?
- Hold the position as long as possible, and seek for break-even confirmation

Happy Trading! Good luck!