ProjectSyndicate

GBPUSD H8: 2120 short-term PT BEARS. setup with SL/TP.(UPDATED)

Short
FX:GBPUSD   British Pound / U.S. Dollar
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GBPUSD H8: 2120 short-term PT BEARS. setup with SL/TP.(UPDATED)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: GBPUSD 4hour chart review
::: weak chart, more downside likely
::: mid-term range locked 2240-2620
::: however short-term more losses incoming
::: recommended strategy: SHORT sell rips/rallies
::: expecting re-test of premium level near 2080
::: strong downside still remians
::: lower risk strategy/setup: LMT BUY 2080/2120
::: nice lower risk setup for a gain of 300+ pips
::: overall expecting decent action this week
::: so get ready to make money in this market
::: good luck traders
::: SL is below premium level for bulls (2000)
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH
::: retail sentiment: 5 000 lots short 5 000 lots long

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