GBPUSD H16: SHORT IT from range highs. TP +200/+400(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 16hour/candle chart review ::: still remains locked in range ::: not expecting a breakout yet ::: at least one final throwback into ::: PRICE/ RSI div on 16 hour chart ::: lower risk setup is SHORT from HIGHS ::: BEARS will take over soon ::: just short it now TP +200/+400 ::: 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