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British Pound / U.S. Dollar
Short

GBPUSD more downside incoming...?

126
Liquidity was introduced with that quick up move, followed by a semi-violent move in the opposite direction -- a typical institutional play. They will revisit the indicated price range before taking price lower. Use lower timeframe confirmations (e.g. distribution, market structure reversal, etc.) before you enter shorts. GL
fxsurgeon1
Chart PatternsGBPUSDgbpusdanalysisgbpusdideagbpusdsetupgbpusdshortgbpusdtradeTrend Analysis

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Chart PatternsGBPUSDgbpusdanalysisgbpusdideagbpusdsetupgbpusdshortgbpusdtradeTrend Analysis
fxsurgeon1

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.