GBPUSD - H4 SHORT POTENTIAL (Extension of Previous post)
A little follow up from my previous post, I won't go into too much detail, lets see if history repeats itself.
If price fills the clone I would be pretty damn impressed tbh, would be a ton of sell volume required, but who knows! Its summer after all.
Lines up perfectly with 1.618 fib extension which is a nice piece of confluence, not to mention the cyclic lines =)
Upper trend channel wall defining GU current Highs on downtrend, If we break the dotted rays I would expect more Bullish movement.
Disclaimer! I have no live positions based on this, just a general outlook, I'll be shorting GBPUSD based on live PA based on multiple frames.
Speculate Wisely!
If price fills the clone I would be pretty damn impressed tbh, would be a ton of sell volume required, but who knows! Its summer after all.
Lines up perfectly with 1.618 fib extension which is a nice piece of confluence, not to mention the cyclic lines =)
Upper trend channel wall defining GU current Highs on downtrend, If we break the dotted rays I would expect more Bullish movement.
Disclaimer! I have no live positions based on this, just a general outlook, I'll be shorting GBPUSD based on live PA based on multiple frames.
Speculate Wisely!
