#GBPUSD Short (ABCD Harmonics, Structure)

FX:GBPUSD   British Pound / U.S. Dollar

@TradeYodha (

1. Harmonics
2. Structure
3. Previous Supply zone
4. 200sma in the zone

I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
I don't think it will move this way. price is chanelling for some time now. to move in the red zone price has to violate the upper border of the channel. you know that once level is violated price moves direcltly to next structure. sometimes we have false breakouts, true. but i wouldn't base my strategy on that sometimes.
i also think short. but from another level. if price retraces to the channel's upper border I'm going to short it. I see the price bounced off from it five times. what stops it from bouncing the sixth time?
Short where exactly?
in that red zone. This shows the zone boundary lines better. I will target 1:1 R/R ratio.
HexVex TradeYodha