GBPUSD SHORT
Updated
TL BEEN RESPECTED HERE
-WE COULD SEE A BOUNCE HERE
-I FAVOUR THE SHORT GBPUSD
-MAS STILL DOWN
-WE BROKE MONTHLY KEY LEVEL 1.5000
-I THINK WE ARE GOING LOWER
-THIS RED CIRLCE WOULD ALSO COINCIDE
WITH THE 0.618 RETRACEMENT.
-A,B,C AND D TARGET ZONES AS SHOWN
-TARGET 1 1.4775
COUPLE OF POINTS TO BEAR IN MIND:
-A BREAK OF THE TL AND CLOSE ON
DAILY TIMEFRAME COULD SUGGEST
A LONG TRADE
-FIRST TARGET WOULD THEN BE THE WEEKLY
KEY LEVEL LABELLED BUT AT THE MOMENT
BEARISH.
-WE COULD SEE A BOUNCE HERE
-I FAVOUR THE SHORT GBPUSD
-MAS STILL DOWN
-WE BROKE MONTHLY KEY LEVEL 1.5000
-I THINK WE ARE GOING LOWER
-THIS RED CIRLCE WOULD ALSO COINCIDE
WITH THE 0.618 RETRACEMENT.
-A,B,C AND D TARGET ZONES AS SHOWN
-TARGET 1 1.4775
COUPLE OF POINTS TO BEAR IN MIND:
-A BREAK OF THE TL AND CLOSE ON
DAILY TIMEFRAME COULD SUGGEST
A LONG TRADE
-FIRST TARGET WOULD THEN BE THE WEEKLY
KEY LEVEL LABELLED BUT AT THE MOMENT
BEARISH.
Trade active
Reversal in the red circle area as I said it would and now ready to make new lower lows.Trade active
Expected Retrace possibly up to 1.5 but we are going lower to make new lower lows.....1.5 ish could be a good entry for short :)Trade active
In this trade Im looking for 1.4775 firstly.....we are going to make new lowsTrade closed: target reached
Time to take all profits on this one....great move went further than expected and hit my weekly support of 1.4500 to the "T"....pips galore
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