elevatedinvestor

GBPUSD Potential Fake Double Bottom.

Short
FX:GBPUSD   British Pound / U.S. Dollar
This is built off of my prior GBPUSD idea.

If 1.3100 gets hit early in the week I'll be looking to sell.

Essentially I'm looking to buy up to 1.3100 ish , and when we reach that area I'm looking to sell.

From a sell perspective we have the void that will be filled, an old point of control from August.

ALSO...we will have a "double bottom" type structure, this is great because if the banks are looking to sell heavy it would make sense they make others want to buy right?

The thing I like about this, if we get it, is the fact it is a harmonic pattern . (I flipped all the deep crab ratios inside out and I use this pattern ALL the time to sell double bottoms)

I will look to sell in the teal zone if price action permits it.

Target #1 is about 500 pips lower.


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Comments

Great objectives.
+1 Reply
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