A Beautiful Tech Setup.. GBPUSD

13 ก.ค. 2023

Hey Traders,

When something rallies for 10 months... On and on.. you have to think.

After the 3% US Inflation reading USD has sacrificed a lot of value VS currencies like the GBP bringing us to previously hit long term short zones within long term downtrend.

Should I have bought earlier? Wouldn't people now start to exit longs?

Shouldn't I Short?

Well, naturally, the latter is the answer. As the GBP rallies VS the USD you will come to Key Price Action Tech zones.

This causes shorters (smart money) to enter.

Ideal shorts at labelled zone.

And.. Ya really want to be running with them.

Trade small and do not overleverage.

13 ก.ค. 2023

บันทึก

Short Zone Circa 132

13 ก.ค. 2023

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Remember to not forget what price action looks like when it’s rampant..

You can hold off shorts until the appropriate time!

14 ก.ค. 2023

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Still room to go. Too early to long (weak market value)

17 ก.ค. 2023

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1318 Shorts Followed by various further shorts higher up 134 1365. (similar to EURUSD and updates to come)

20 ก.ค. 2023

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Exit any shorts for gains.

21 ก.ค. 2023

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Larger fall, exit shorts.

24 ก.ค. 2023

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Should now be out of all shorts. Longs come 1268

7 ส.ค. 2023

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Exit all longs for gains.