GBPUSD H4 Potential Shorts
Looking for potential shorts on GBPUSD.
A downtrend is potentially forming, therefore shorts are on the cards.
The next impulse move should move price to 1.3700 - the 23.6% extension.
Consider recent USD fundamentals, as well.
A downtrend is potentially forming, therefore shorts are on the cards.
The next impulse move should move price to 1.3700 - the 23.6% extension.
Consider recent USD fundamentals, as well.
Note
Price has reached the 0%.Now we wait for a push to the downside.
That's about 100pips away.
Note
Price pushed lower ahead of NFP and was only 30pips shy of Take Profit.Trade closed manually
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.