FX Price Action – GBPUSD Offering With Trend Signals | May 14th

GBPUSD – Two Pullback Levels to Get Short
For the last 400 pips, the pound has been selling off quite impulsively, with only two pullbacks for traders to get short and rejoin the trend. Both of these levels are not too far from here, but I haven’t seen any signs in the price action that suggests this trend is over. Based on the nature of this trend, I’m looking for more pullbacks instead of breakouts, and there are two levels I’m looking to get short.

The first one is a more shallow level above at 1.5279, while the second is where a pin bar formed at a key level 1.5318, possibly lining up with the 20ema.

So until we get a few 4hr closes above the 20ema, look for the downtrend to continue.

with trend signals key levels price action gbpusd 2ndskiesforex.com

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I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

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