As per the video the pound has been in decline over the past years so am looking for longer term shorts. On the weekly price action looks toppy and there's a good risk reward potential for entering short now looking for a retracement to 50% or even further. Whether it will ever reach parity or simply bottom out and climb remains to be seen in the future.
GBPUSD has been exhibiting a textbook Lower-High and Lower-Low since June of 2014.
The most recent lower-high was in April of 2018 and price made a lower-low in March of 2020.
Since March of 2020, price has been in an uptrend and has not made a lower high than the April 2018 high, IN FACT, price has reached the same high of April 2018.
This is a potentially...
