DLavrov

GBPUSD Short Trade

Short
FX:GBPUSD   Sterlina / Dollaro
The resistance level 1.28500 can be good for opening short trades. Price reached this level and bounced. Today we have the 2nd attempt to break it but it looks like the market is going to move down. RSI gives a sell signal. We can place pending orders for entry below 1.27650 with profit targets at the support levels and the uptrend line. Stop orders must be placed above the resistance level 1.28500 and the local swing high. As for long trades, they can be opened if price bounces from the uptrend line.

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