Morning Guys
I have been shorting GBPUSD from the 1.41 range as the overall momentum on the daily chart has been so strong.
Looking at the 4 hr chart, there are still more short opportunities.
We are breaking into the next supply and demand zone (I am wary of the number of downward waves we are seeing, but placing a stop above the current directional trend line), and my TP1 is at a key fib level. TP2 is at the next supply zone.
I have been shorting GBPUSD from the 1.41 range as the overall momentum on the daily chart has been so strong.
Looking at the 4 hr chart, there are still more short opportunities.
We are breaking into the next supply and demand zone (I am wary of the number of downward waves we are seeing, but placing a stop above the current directional trend line), and my TP1 is at a key fib level. TP2 is at the next supply zone.