GBPUSD – Will Favour Wait for a SHORT to form !

FX:GBPUSD   British Pound / U.S. Dollar
A: SUMMARY – Will Position for a SHORT !!.
>Month Chart in Downward WEDGE- Down TREND Still..
>WEEKLY Chart – FAVOUR a Breakdown of Channel Line
1- For those taking a long, ITS OK, there is a 300 PIP possible on a Retrace Move UP !!
2- BUT we still FAVOUR a SHORT Position when it arises !!

>DAY CHART : There are 3 CHANNEL lines. One was broken.
1- Now approaching the 2nd Channel Line Zone & S/R Zone @1.32742
2- This is where you can pick up MAX 300PIPs on a Retracement UPTREND
3- Again, we still POSITION for a SHORT !!

B: This Coming WEEK Analysis: - WAIT for A SHORT Position
1- To break 1.32742 ZONE for a SHORT
2- H4/H1 entry : WATCH for CANDLE Signal Bar

CHEERS .. Stay Nimble-TRADE SAFE !!


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