Oxxie1

Oxxie1

Added to the position as a clear head and shoulders has formed on the lower time frame. Expecting price to move lower from here.

Oxxie1

GBP/USD looks overextended and rejecting the 1.3750 level. At the same time, DXY is bouncing from the 97.00 support. This could suggest a possible pullback in GBP/USD.

Oxxie1

Price is forming higher highs and higher lows on the 15-minute timeframe, while 70% of retail traders remain positioned short

Oxxie1 Updated 

ZONE TO ZONE Price is trading beneath the 1.35 level, which is likely to act as resistance. A downside move toward 1.33 remains the base case.

Oxxie1

Higher TF price action is still indicating bullishness. I have taken this trade, anticipating a push higher from here.