ProjectSyndicate

GBPUSD H4: 2080 short-term PT BEARS. setup with SL/TP.(NEW)

Short
FX:GBPUSD   British Pound / U.S. Dollar
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GBPUSD H4: 2080 short-term PT BEARS. setup with SL/TP.(NEW)
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 2240-2640
::: however short-term more losses incoming
::: recommended strategy: SHORT sell rips/rallies
::: you can short at market open: higher risk
::: expecting re-test of premium level near 2080
::: 300 pips downside from market close on Friday
::: lower risk strategy/setup: LMT BUY 2080
::: nice lower risk setup for a gain of 375 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)
::: if you market short GU SL is 80 pips.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH

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