GBP/USD 30M - I am looking for short opportunities for us in this market as this market is currently within a higher timeframe bearish correction, one that has just started!
If we can look to get involved in this market in shorts at a good price where our SL and entry will not be effected we could really look to ride price lower and make some great returns from this market.
I feel this bearishness is here to stay a while meaning we can stretch those TP’s. Above I have marked out two potential areas that stand out as opportunity to go short.
Depending on the S&D balance, we could see the reversal from either or, its important we have those confirmation parameters met before jumping the gun, but look for shorts!
If we can look to get involved in this market in shorts at a good price where our SL and entry will not be effected we could really look to ride price lower and make some great returns from this market.
I feel this bearishness is here to stay a while meaning we can stretch those TP’s. Above I have marked out two potential areas that stand out as opportunity to go short.
Depending on the S&D balance, we could see the reversal from either or, its important we have those confirmation parameters met before jumping the gun, but look for shorts!