GBPUSD SHORT / trend is short since 2007 / HUGE opportunity
FACTS:
Since there is a nice impulsive move down on H4, I would wait for a retracement to the area 1.24123-1.23600, then go short when momentum shows a move down in the shorter time frames (M15-H1).
Long term target zones are pink.
The idea is valid until the green zone is broken.
- trend is short since Nov 2007 (almost 13 years)
- long countertrend has been broken last week
- currently market is testing the start of the last impulse on the Daily
Since there is a nice impulsive move down on H4, I would wait for a retracement to the area 1.24123-1.23600, then go short when momentum shows a move down in the shorter time frames (M15-H1).
Long term target zones are pink.
The idea is valid until the green zone is broken.
Comment:
Should have waited for the breakout or the countertrend, but idea is still valid.
