Get started
Siyabonga_Ngcobo

26-18 bear setup on the GBPUSD may be underway

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Siyabonga_Ngcobo  
FX:GBPUSD   British Pound / U.S. Dollar
26-18 structure
0
0
26-18 structure
As the battle continues between the bulls and the bears at the 1.5265 zone, A 26-18 bear setup is underway. As the market is in consolidation mode we could see the Pound retrace to the 0.618 level at 1.5253 where we can look to get short. Remember there is a massive structure resistance zone above at the 1.5265 zone.

Good Trading Guys

Related Ideas

Siyabonga_Ngcobo
26-18 Long NZDCAD
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.