Wait for the completion, trade the reversal, make monies! ALWAYS wait for the pattern to prove its strength!!
Wait for the completion, trade the reversal, withdrawal monies.
Anticipating UJ to AT-LEAST retest structure highs. We are nearing a solid resistance level, so we may see a rollover when we hit that level, OR if we continue, I anticipate the 1.414 expansion which is also the next highest structure level.
Long to 382 retracement. If you want to catch the trend look for the entry at 382 for a short position.
I personally will wait to enter until I have a confirmation in the PRZ then ride the wave down. 208+ pips!
The case for entry is already posted within the chart, take a look and send some feedback. Enjoy!
Shorting till the formation is complete @ the 0.782 then long on the (hopefully) breakout on this consolidation zone.
Long term Short GBPUSD (looking at daily & 4H time frames) SL: 1.29218 TP: 1.27600 Risk/Reward: 4.13 ish Looking at roughtly 170 pips on the short, enjoy.