Idea basis:
1) GBPUSD has been on an established uptrend since UK election, obeying an obvious upwards trendline.
2) Shorter term wise lower highs spotted, signifying potential weakening buyers' strength
As such, I would be interested in looking for a short in GBPUSD for a shorter target TP (Given the potential uptrend being still intact).
The idea
1) The breaking of SUPPORT 1 region as an initial signal
2) Retesting of SUPPORT 1 turned RESISTANCE 1 region as a short entry signal
3) Potential TP at SUPPORT 2 / SUPPORT 3 area
1) GBPUSD has been on an established uptrend since UK election, obeying an obvious upwards trendline.
2) Shorter term wise lower highs spotted, signifying potential weakening buyers' strength
As such, I would be interested in looking for a short in GBPUSD for a shorter target TP (Given the potential uptrend being still intact).
The idea
1) The breaking of SUPPORT 1 region as an initial signal
2) Retesting of SUPPORT 1 turned RESISTANCE 1 region as a short entry signal
3) Potential TP at SUPPORT 2 / SUPPORT 3 area