Gbpshort
GBPCHF shortWith everything going on in the world right now, we have a risk-off trading environment and we a running towards the safe heavens currencies so for those reasons believe this would be a great setup if we reach the resistance level and reverse from it with a nice 4hr bearish candle. Please leave a like and let me know what you think in the comments.
Bearish Price Action still in development.Hi Traders,
GBPAUD recently created a double top within a corrective structure which gives us a bearish view on this pair. As we haven't gotten a breakout from this channel, price could retest the upper boundary before dropping.
Looking for further development before taking a short.
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Trade safe!
GBPJPY Reaching Weekly Resistance / Volume ClusterGBPJPY is Arriving at a weekly Volume Resistance. lets see how the price behave at this level marked on the chart. There are also high impact news today and tomorrow on Pound and Yen. I am short biased but still the price is in an uptrend so I am waiting for a correction of at least 150-200 Pips. The MACD also shows a divergence on a 2hr time frame and a heavy bearish divergence on 1hr. stop loss should be 45 pips. Good Luck! Trade responsibly. Use proper Risk Management.