Dear Vahid,

Am following your recommendation for a (GBPUSD) which was a buy, and your suggestion was although it was buy signal but as you said,
not advisable to take due to the reasons you mentioned.But now I notice that it is going down and it broke the daily support line
which you draw 1.5978. my question do you think it would be a good sell signal and will the economic condition support it to push the
price furtherdown? And what would be a good entry place in your opinion?

thank you


fxyts

Hi fxyts,

I am sorry that I answer to your question with delay.

In the last video I posted on the weekly report, I have explained about this.

I do not recommend to go short too for some reasons:

1. GBP-USD market was inside a symmetrical triangle and I avoid such a market and I don't trust its support/resistance breakouts.

2. It is a while that GBP-USD signals are not reliable.

thanks V I appreciate your advice

Fxyts