GBP/USD Bearish Trade Analysis

5 de jul. de 2024

The GBP/USD pair is approaching the high from last month, which aligns with March's peak, creating a robust resistance level. This scenario suggests a high probability of a significant sell-off, continuing the bearish trend observed in July.

This move is anticipated to close the daily and weekly Fair Value Gaps (FVG).

8 de jul. de 2024

Nota

Very Nice rejection and a 4H candle from our 0.886 Retracement now we have both orders activated and should hold for a nice move down to fill the 2 FVGs

9 de jul. de 2024

Trade ativo

As anticipated, I was expecting a strong sell-off reaction at our 0.886 Fib retracement level, and it happened. We can see a strong bearish candle on the 4H chart below both entries. I'm still bearish and holding my position. Follow me for more trades—it's free.