GBP_USD: Possible Short Positions
Back tested GBP_USD on a 2009 historical data.
1. 2009 Oct Data show a strong impulse move right after the pound crash.
2. 2020 Apr Data shows a similar strong impulse
Here is comparison chart between current and previous chart patterns.
Current level is on the middle of nowhere but could trigger trade set-up once it goes to the main resistance level.
Two trades with good risk reward ratio
1. 2009 Oct Data show a strong impulse move right after the pound crash.
2. 2020 Apr Data shows a similar strong impulse
Here is comparison chart between current and previous chart patterns.
Current level is on the middle of nowhere but could trigger trade set-up once it goes to the main resistance level.
Two trades with good risk reward ratio
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