GBPUSD SHORT / trend is short since 2007 / HUGE opportunity
Updated
FACTS:
Since there is a nice impulsive move down on H4, I would wait for a retracement to the area 1.24123-1.23600, then go short when momentum shows a move down in the shorter time frames (M15-H1).
Long term target zones are pink.
The idea is valid until the green zone is broken.
- trend is short since Nov 2007 (almost 13 years)
- long countertrend has been broken last week
- currently market is testing the start of the last impulse on the Daily
Since there is a nice impulsive move down on H4, I would wait for a retracement to the area 1.24123-1.23600, then go short when momentum shows a move down in the shorter time frames (M15-H1).
Long term target zones are pink.
The idea is valid until the green zone is broken.
Note
Should have waited for the breakout or the countertrend, but idea is still valid.
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