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GBPUSD H4: SHORT IT from range highs. TP +150/+300(SL/TP)(NEW)

שורט
FX:GBPUSD   לירה שטרלינג / דולר אמריקאי
GBPUSD H4: SHORT IT from range highs. TP +150/+300(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect more losses
short-term.


🔸 Summary and potential trade setup
::: GBPUSD 4hour/candle chart review
::: noteworthy compression into rising wedge
::: in-line with my GBPCAD XABCD setup
::: expecting CORRECTION MODE soon
::: low risk strategy: wait for WEDGE to break
::: and RESHORT into the BOUNCE
::: lower risk setup is SHORT from HIGHS
::: after the BOUNCE
::: just short it TP +150/+300 pips
::: SHORT/HOLD setup with great risk:reward
::: recommend to SHORT/HOLD
::: recommended strategy: SHORT/HOLD
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: fresh demand zone
::: fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BEARS

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