GBPUSD showing a lot of weakness, currently this pair is oversold, we got a DOUBLE SHARKFN on H4 and we are hitting the 200ema on H4. We are looking at a continuation setup here and to position for the next IMPULSE LEG we have to wait for GU pullback back up to the PMthH level for a SHORT.
#1 ENTRY (Risk Entry, Good Reward) -: Enter SHORT ONLY when GU pullsback to PMthL (Possible H & S )
INVALIDATION Exit all SHORT here when GU breaks and CLOSE above the PMthH.
TARGETS First TP on GIU is 1.23500 or until DXY reaches the 200ema on D1.
P.S I will post money making trades like this everyday and everything you see on my chart is from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator. (The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready). No trend lines or complicated analysis, all you have to do is FOLLOW!
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