See the daily chart of GBPUSD below for the discussion that follows.
GBPUSD broke support this past week. I will consider going short if we get a bounce to resistance (previous support) and I see bearish candlestick price action.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading / financial advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
