Hello Traders, Quick update regarding Cable (GBPUSD). This pair is now approaching 1.26 critical resistance zone. A decent shorting opportunity might present itself. Personally I would keep a close eye on this pair especially since Gold is reaching the highest level since 2012. Cheers!
This is my take on GBP/USD big short and then longs for a change in market structure...there is little hidden gem in this about head and shoulders for you all. Doesn't need much of a description as it's all in the video. Like and Follow for more content...aud/cad and sp500 to follow soon.
do tell in the comment section if you want analysis on other pairs as well
GBPUSD: D - BEARISH TP - 1.16 - 1300+ Pips #Forex @TradingView GBPUSD Trade #1 - Update #4 Point A: 1.337 Point B: 1.2 Point C: Entry - 1.32 Point D: TP - 1.166 SL - N / A
GBPUSD: D - BEARISH TP - 1.16 - 1200+ Pips #Forex @TradingView GBPUSD Trade #1 - Update #3 Point A: 1.317 Point B: 1.196 Point C: Entry - 1.29 Point D: TP - 1.16 SL - N / A
GBPUSD: D - BEARISH TP - 1.16 - 1200+ Pips #Forex @TradingView GBPUSD Trade #1 GBPUSD - UPDATE #2 Point A: 1.317 Point B: 1.196 Point C: Entry - 1.29 Point D: TP - 1.16 SL - N / A
All info is in the video.