ProjectSyndicate

GBPUSD H4: 2600 PRZ bears. SELL HIGH. with SL/TP.(NEW)

Long
FX:GBPUSD   British Pound / U.S. Dollar
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GBPUSD H4: 2600 PRZ bears. SELL HIGH. 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
::: higher risk is market BUYING short-term
::: however I can't provide SL for this setup
::: lower risk: SHORT from resistance later
::: strong chart, more upside likely
::: 2620 valid target BULLS short-term
::: looking for reaction/reversal from premium price
::: recommended strategy: 2600/2620 SHORT IT
::: SL 60 TP is 2180
::: for best results wait for pin bar H4
::: keep in mind this is SHORT/HOLD setup
::: nice lower risk setup for a gain of 400+ pips
::: overall expecting decent action this week
::: so get ready to make money in this market
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment: BULLS
::: Sentiment outlook short-term: BULLISH
::: retail sentiment: 5 000 lots short 5 000 lots long

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