trend72012

British Pound can do some retracements to supply levels!

Short
trend72012 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
British Pound can do some retracements to supply levels and make new lows; there is a chance to make a Wyckoff accumulation pattern in lower timeframes.
DXY is also can push a huge supply area to higher levels in order to increasing FED interest rate.

  • 2 short possible position are visible on my chart, if any type of demand base was created in the near of supply zone, stop shorting and wait!
  • You can choose 88.6 level for entry in higher short position.
Trade closed: target reached:
First Trade was stopped out, nut the second one and bigger one nailed it! Have fun with trading.
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