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Gbpusd1hr

GBPUSDThis is a possible short trade. We must carefully watch the price action specially where it would reach in the C point. What is shown in the chart is a possible .618 to 1.618 trade making a perfect ABCD pattern ideally, but this is not the perfect world. Where the C point reaches dictates the Termination of the D point. Where ever that might be this is a short short trade, cause the trend is UP. It is important to note that The PRZ will be the determining factor of this trade. The violation of the PRZ will invalidate the trade. Eg. The understanding the Price Action in the PRZ will make you a winner. Trade Carefully and Be a winner
Short
by richbautista30
11223344556677
…999999

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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