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Hello fellow community members,
We had discussed a sell setup forming in GBPUSD yesterday here. Today after FOMC minutes the pair jumped above 1.2325 for a short time and found a huge resistance and at the time of writing this post a bearish pin bar formation was in progress. I have attached a snapshot of the chart. I have already taken a short position with the stop above today's high and target at 1.2100.
GBPUSD 4H CHART
What do you think about this setup? Please share your opinion using the…
We had discussed a sell setup forming in GBPUSD yesterday here. Today after FOMC minutes the pair jumped above 1.2325 for a short time and found a huge resistance and at the time of writing this post a bearish pin bar formation was in progress. I have attached a snapshot of the chart. I have already taken a short position with the stop above today's high and target at 1.2100.
GBPUSD 4H CHART
What do you think about this setup? Please share your opinion using the…