This pair has been my main focus now for the past 3 weeks. Monday created the High Of The Week which saw the day shifting aggressively towards the bottom meaning SELLS/SHORTS were triggered. Caught the strong SELLS/SHORTS right from the top where they were hunting for stops and pending orders before the strong move down. Knowing that the market has to have a...
This is just my personal projection of how I anticipate GBPUSD to play out for the remainder of the week. I took the short-term Buy anticipating at least 50+ Pips, but My bias is more on the short side.
Price has already dropped 2 levels and it's currently retracing for Level 2, which I expect to be 76.4% of the Fib before the last drop (Level 3). I'm currently holding just above 20 trades on this pair @ 0.20 each trade ... but I'm pretty confident that the target will be hit by mid US session!
My two cents worth of an idea! This is a structure I foresee for the week ahead.