GBPUSD SHORT FORECAST Q2 W16 D18 Y25GBPUSD SHORT FORECAST Q2 W16 D18 Y25
Fun Coupon Friday!
Summary
- Weekly order block short set up
- Awaiting clear shift in price action to downside
- C setup - Short from 5' order block with confluence of daily high wick fill prior turn over in price.
- B Setup - 15' break of structure anticipating 15' creation order block creation. Solid point of interest to short from
A Setup - Multiple 15' break of structure plus all of the above
FRGNT X
Cablesell
GBPUSD - Downside Caution Sees Dip EntryOverall bullish trend for Cable, which has presented a correction opportunity off the daily.
Moving lower implies an obtuse support to break, making it a tough call for further downside potential.
Longs of current 1.27200 allocates very poor risk to reward - this implies a better ratio off buying the impending dip toward 1.26700 .
GBPUSD 1H Showing signs of weaknessThe GBPUSD pair appears to be displaying signs of weakness, with the upward bias on the 1-hour chart appearing to fade. If the price closes below the channel or trendline, I expect it to reach the 1.23250 and 1.231300 price levels. Share your thoughts on this and don't forget to follow me for updates.