TheFxAce

Looking to SELL GBPUSD Above 1.16

Short
FX:GBPUSD   British Pound / U.S. Dollar
We are approaching a nice weekly SUPPLY/SELL zone that starts around 1.16 we actually got an intial reaction at this area last week and I suspect we will go back up to test it again maybe a little further into the zone towards a previous LOW in the current trend at 1.17 which if you look at previous ideas that was the next target after we got the first test and drop at 1.14.

I will be waiting for my indicator to give me a signal on the HTF charts to enter a SELL I will target the 1.12 or below were I will then be looking to enter a BUY and run that position up towards the 1.20 areas.

Have a read of my related ideas this pair is moving exactly as predicated in those posts enjoy!!

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