TerryHarmonicTrading

GBPUSD - Bullish Shark just below 1.3

Long
OANDA:GBPUSD   British Pound / U.S. Dollar
Apologies for the quite week, went to Shanghai for a week of work and meetings.

The internet connection there was horrible too, making it a chore to chart on tradingview.

Now that I am back, I want to share some ideas I have for next week.

First up is GBPUSD where I see a potential bullish shark completing next week on the h1 chart.

EP 1.2985 - 1.2995
SL 1.2940 (55)
TP 1.3250 (255)

Before the entry, I hope to see these happening on the volume indicator.

1. Big black bar signaling the big boys are starting to buy in
2. High effort, close strong candle

I might get in on the inital entry or the retest depending on how convincing #2 is.
Trade active:

GBPUSD is ready for shorting.

I see a high vol push up failure aka upthrust.

EP: 1.3182
SL: 1.3240 (52)
TP: 1.2990 (192)
Comment:
50 pips in the money for now.

Hopefully the 430 news can push it towards 1.3 where I might TP on my short and look for opportunities to long.
Comment:
Shifted SL to 1.3180 to protect my capital.

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