GBPUSD short Idea: GU topping? zones to watch

2018年9月20日

Looking to build a short GU short position.

Red zones indicate resistance, Green zones Support.
Ideally it will spike one more time to a red zone above.
If not, then I will look for support to break and retest from below.

In the bigger picture:
We completed a 5 wave down move.
We in an ABC correction, which might be done.

Of course. political news and Brexit issues will cause spikes in both directions.
But in general I do not see any ''good'' news coming soon.
Plus I really doubt a rate hike is coming anytime soon.

BEWARE:
Trading the Pound requires SMALL Lot Sizes with BIG Stop Losses.
She will hunt your stops like a hound chasing a fox.
She will trick you, abuse you, and leave you broke if you are not careful.
Oh wait, did not mean for it to come out like that, just meant this currency is dangerous to trade.

2018年9月20日

ノート

Entering my first Red zone, but looks like it will blow through it.
Watching closely, dont really want to here anyway, hoping for higher.

2018年9月20日

ノート

There is definitely some resistance here watching closely.
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2018年9月20日

ノート

First attempt at short position fired
s3.amazonaws.com/tradingview/snapshots/s/sNElHXuy.png small position, not a high probability trade but had to take it

2018年9月20日

ノート

Wrong in direct but right in the numbers? If it makes it to my highest zone, I will be shorting heavily up there.
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2018年9月21日

ノート

Nice Pings