Potential GBPUSD short (1.25xx or ~1.29xx)
Supply zone short potential setup. We will probably get a reaction around 2500, but the potential bigger move is if price approaches 1.300. Will keep my eye on this one.
Note
Unless we get a good selloff over the next 2 days (under .2500), there's a good chance we end the week with a strong bullish candle. If that happens I'll probably hold off on any shorts until 1.3 (and probably even look to buy the dip).Note
update on this one Note
one more confluence point--inverse H&S:
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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.