SHORT GBPUSD: Updates on last idea

10 дек. 2020 г.

Good morning traders, as we can see, our predicted Head and Shoulders from my previous idea is playing out very nicely, it is around the neckline, and we will be expecting a breakdown. My former losing short position is now in fine profit and I will be holding it for the long haul. This looks like the beginning of a mega downtrend, which will probably last multiple weeks. I could not enter another short because my confirmation didn't trigger, but price action looks like it might trigger today. I will be looking to add the short position by the end of the American session.

See previous idea in my profile. Also available on my profile is the beginning of the thesis for this trade, where we identified a major multi-year resistance.

Thank you for reading, support me with a follow and a like, I would also like to know your thoughts below in comments. I am Nnadi Victor and I only analyze and trade the GBPUSD