GBPUSD - H4 SHORT POTENTIAL (Extension of Previous post)
A little follow up from my previous post, I won't go into too much detail, lets see if history repeats itself.
If price fills the clone I would be pretty damn impressed tbh, would be a ton of sell volume required, but who knows! Its summer after all.
Lines up perfectly with 1.618 fib extension which is a nice piece of confluence, not to mention the cyclic lines =)
Upper trend channel wall defining GU current Highs on downtrend, If we break the dotted rays I would expect more Bullish movement.
Disclaimer! I have no live positions based on this, just a general outlook, I'll be shorting GBPUSD based on live PA based on multiple frames.
Speculate Wisely!
If price fills the clone I would be pretty damn impressed tbh, would be a ton of sell volume required, but who knows! Its summer after all.
Lines up perfectly with 1.618 fib extension which is a nice piece of confluence, not to mention the cyclic lines =)
Upper trend channel wall defining GU current Highs on downtrend, If we break the dotted rays I would expect more Bullish movement.
Disclaimer! I have no live positions based on this, just a general outlook, I'll be shorting GBPUSD based on live PA based on multiple frames.
Speculate Wisely!
Related publications
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.