How to open a short position using GBPUSD forex forecast
Forex news calendar is very generous with news this week. Immediately after the forex opening hours, all quotes began to move.
The stock market also reacted to the strengthening of the dollar and began to fall in price.
Forex trading tool GBPUSD also began to rapidly lose its value. Even exotic pairs who trade with American dollars are set in motion. Our forex trading analysis based on forex partners, suggests that trend movements will continue for several more days. You do not need to have insider trading tips, but just look at the chart to understand the market situation. Now the price is near a strong support level and our forex day trading strategies are to sell this currency pair to a flat level of 1.2100, where the price can stop.
Order Type: Pending Order - Sell Stop
Entry Price at 1.2160
Take Profit at 1.2100
Pips Earning: 60
Most traded currencies pairs:
EURUSD sell at the price of 1.0440
USDJPY buy at the price of 135.20
BTCUSD sell at the price of 23500.00
USDCHF buy at the price of 0.9950
The result of a trading recommendation.
Trading signals online
The profit can be $600.00 if the trading volume of 100000 GBP (1 Lot).