SKACAPITAL
Long

GBPUSD SHORT TERM BUY THEN POSSIBLE SHORT

FX:GBPUSD   British Pound / U.S. Dollar
We are looking for a possible long up to 1.43250 as we have an bullish harmonic in play, oversold on the stochastic ; price bouncing off the 161.8% “D” extension. As you could see price broke below the channel; we are now awaiting for the retest ( Bullish Harmonic Target) creating a possible 3rd lower high TL bounce. We can look for b bearish PA around 1.43250; on confirmation we would look to sell down to the 161.8% level 1.4000, if this level is breached then we would be looking for our downside target of 1.38550....

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