GBPUSD 4H SHORT
What are we expecting?
- GBP Weakness - USD Strength = GBPUSD Short Trades.
What is our confirmation?
- Currently in Wave C being the longest wave which validates that we believe that price will push up higher into our Fib Levels Highlighted.
- The DAILY TF is bearish, as this push up is a deep retracement into the 0.50% fib levels.
Where shall we enter?
- We can enter a safe position once we form a Risk Trendline as this will confirm that this is the Wave C.
- Once WFB is broken Once set on lower TF, expect some form of correction, enter on the break of correction.
Once entered where will our SL BE?
- SL will be above FIB Levels for safe SL
Targets?
- Daily Lows
What are we expecting?
- GBP Weakness - USD Strength = GBPUSD Short Trades.
What is our confirmation?
- Currently in Wave C being the longest wave which validates that we believe that price will push up higher into our Fib Levels Highlighted.
- The DAILY TF is bearish, as this push up is a deep retracement into the 0.50% fib levels.
Where shall we enter?
- We can enter a safe position once we form a Risk Trendline as this will confirm that this is the Wave C.
- Once WFB is broken Once set on lower TF, expect some form of correction, enter on the break of correction.
Once entered where will our SL BE?
- SL will be above FIB Levels for safe SL
Targets?
- Daily Lows