Last week, I released a few ideas on shorting GBP, namely GBPAUD and GBPCHF. (see related ideas)
However, there was never any volume trigger to execute both setups.
Being patient, the market showed its true color and the GBP went much higher.
Looking at the 4 hour chart, I expect GBP to climb much higher to complete the bearish bat pattern around 1.36.
In the hourly timeframe, any pullback to decent support could be considered for a long.
I will keep you guys posted when I take any positions on the GBP.
Great trading everyone!
However, there was never any volume trigger to execute both setups.
Being patient, the market showed its true color and the GBP went much higher.
Looking at the 4 hour chart, I expect GBP to climb much higher to complete the bearish bat pattern around 1.36.
In the hourly timeframe, any pullback to decent support could be considered for a long.
I will keep you guys posted when I take any positions on the GBP.
Great trading everyone!
news in 15 mins.
Even if the news come out bearish, the green zone is the low of a daily chart ED channel.
We can consider scooping low around that price if price stabilizes there.