Looking to short gbpusd long term.
We are playing into a daily orderblock now and I would like price to spike higher into the 50% of the candle from where we can anticipate a drop.
From wave analysis we can see that we have created relatively equal impulses and retracements so I'd like to see another impulsive move down from the current level.
I would like price to drop down to 1.30000 as my swing target. This could take several weeks/months so please be patient when in this trade.
Take partials and protect profits as market drops and when you're satisfied with profits.
Note the stop loss i have shown here is very aggressive so take that into consideration if you take this trade.
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose and this type of speculative trading can result in loss and/or profits.
We are playing into a daily orderblock now and I would like price to spike higher into the 50% of the candle from where we can anticipate a drop.
From wave analysis we can see that we have created relatively equal impulses and retracements so I'd like to see another impulsive move down from the current level.
I would like price to drop down to 1.30000 as my swing target. This could take several weeks/months so please be patient when in this trade.
Take partials and protect profits as market drops and when you're satisfied with profits.
Note the stop loss i have shown here is very aggressive so take that into consideration if you take this trade.
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose and this type of speculative trading can result in loss and/or profits.
We are playing into the higher daily POI and i am entering right now with stop above 1.38