GBPUSD H4: SHORT IT from range highs. TP +150/+300(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as SHORT because I expect more losses short-term.
🔸 Summary and potential trade setup ::: GBPUSD 4hour/candle chart review ::: noteworthy compression into rising wedge ::: in-line with my GBPCAD XABCD setup ::: expecting CORRECTION MODE soon ::: low risk strategy: wait for WEDGE to break ::: and RESHORT into the BOUNCE ::: lower risk setup is SHORT from HIGHS ::: after the BOUNCE ::: just short it TP +150/+300 pips ::: SHORT/HOLD setup with great risk:reward ::: recommend to SHORT/HOLD ::: recommended strategy: SHORT/HOLD ::: SWING trade setup do not expect ::: fast/miracle overnights gains here ::: good luck traders 🔸 Supply/Demand Zones ::: fresh demand zone ::: fresh supply zone 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BEARS ::: Sentiment outlook mid-term: BEARS