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**( GBP/USD )**
I am looking to take GU short this morning following the release of high-impact retail numbers out from the U.S very soon. My plan is to short GU from the creation of a lower-high which is currently being formed. I have two plans for GU.
A) If the retail numbers are **poorer than expected**, this could give the Pound enough strength to retrace as high as the zone colored in blue around **1.307.**
B) If the retail numbers are **positive**, I am looking to take GU short following a break of the most recent lower-low (LL) at 1.296
My bias remains bearish and I am looking to short GU to my weekly target of 1.286 for approx. +160 pips for plan A, and +100 pips for plan B, both to the downside.
I am looking to take GU short this morning following the release of high-impact retail numbers out from the U.S very soon. My plan is to short GU from the creation of a lower-high which is currently being formed. I have two plans for GU.
A) If the retail numbers are **poorer than expected**, this could give the Pound enough strength to retrace as high as the zone colored in blue around **1.307.**
B) If the retail numbers are **positive**, I am looking to take GU short following a break of the most recent lower-low (LL) at 1.296
My bias remains bearish and I am looking to short GU to my weekly target of 1.286 for approx. +160 pips for plan A, and +100 pips for plan B, both to the downside.
greyhuluelo
Awesome idea
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AlchemyFX
greyhuluelo
@greyhuluelo, thanks
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AlchemyFX
greyhuluelo
stay tuned @greyhuluelo,
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FXCM-EDU
Great idea, I have the same bearish view on GBPUSD, let me know how you think
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Johanes
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