The GBPUSD is a pair that we've had on our radar from the beginning of the week for a few different reasons. Initial there was a 2618 Opportunity setting up (which is technically still there), but there was also a smaller trend trading opportunity setting up at the retest of the double tops lows.
Price ended up consolidating at the smaller structure level before eventually dropping and creating a new structure low.
Now as we look to retest that level, I have potential shorts on my radar once again
Bigger picture I'm not too sold on projecting a bearish move as I think the path of least resistance is still to the upside, so entries and target taking on this potential trade will be extremely conservative.
Akil
TGIF
Price ended up consolidating at the smaller structure level before eventually dropping and creating a new structure low.
Now as we look to retest that level, I have potential shorts on my radar once again
Bigger picture I'm not too sold on projecting a bearish move as I think the path of least resistance is still to the upside, so entries and target taking on this potential trade will be extremely conservative.
Akil
TGIF
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