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Elevatemarkets

GBPUSD Short Idea

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Elevatemarkets  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators imbalance shortsetup GBPUSD
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trendanalysis chartpattern indicator imbalance shortsetup gbpusd
We've seen a predominantly bearish stance on GU these past few weeks. I'm looking two opportunities.

1. To buy towards the H4 IMB
2. To sell from the H4 IMB towards last week low.

The second position will be the larger position and I'm anticipating this to take place sometime today/tomorrow.

Potential RR on the short is 1:5 depending on entry.

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