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GBPUSD H8: SHORT IT! +500 pips TP BEARS. SHORT/HOLD

שורט
FX:GBPUSD   לירה שטרלינג / דולר אמריקאי
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GBPUSD H8: SHORT IT! +500 pips TP BEARS. SHORT/HOLD(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT as I expect more losses.
HOWEVER. Entry from overhead. read entire
idea before executing this trade.


🔸 Summary and potential trade setup
::: GBPUSD 4hour/candle chart review
::: left/right August/Right now
::: exactly same pattern as
::: August 2020 / right now
::: this is called
::: unsustainable move
::: price going exponential
::: FINAL PUMP remains
::: 3000 - 3200/3250
::: higher risk setup: BUY LOW 3000
::: BULLS will exit 3200/3250
::: lower risk strategy:
::: WAIT for price to MAX OUT
::: near 3200/3250
::: and short after breakdown
::: of the dashed line on chart
::: recommend to SHORT/HOLD
::: recommended strategy: SHORT/HOLD
::: TP BEARS is 2750 +500 pips
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 2700 fresh demand zone
::: 3250 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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