GBPUSD SHORT FORECAST Q2 W17 D25 Y25GBPUSD SHORT FORECAST Q2 W17 D25 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Weekly order block rejection
✅Daily order block rejection
✅15’ order block
✅Tokyo ranges to be filled
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
Gbpiusdshort
GBP/USD headed lowerThe long range Weekly TF looks ever more BEARISH for the GBP. The TDI sees the RSI crossing south over the upper volatility band and the signal line. From here a move back to the market line looks inevitable and this means this pair (and all GBP pairs) are likely to be headed lower. The DTF seems to confirm the BEARISH picture with price over 200 pips off recent highs and price looking for support at WS1 pivot at 1.2712 and the 200 sma at 1.25 below that.
Political tensions are not helping the GBP with Labour closing the gap to May's Conservative party and uncertainty over Brexit.
We recommend SELLING the GBP at market 1.2800.