GBPUSD reversal zone - shorting opportunity
Potential zone for shorting the GBPUSD with a harmonic, fib extension 1.618 and previous structure looking left. Also likely to be nicely overbought by the time this trade comes available to take. Great risk reward looking at coming back down to structure but would need a review as and when it comes into play. Other previous structure noted as potential to come back down to test those 1.51 lows. More of a heads up than anything.
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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.