GBPUSD setting up for a short squeeze.

your chart looks like spider webs all over the place 😂😂

Would you get in on retest after broken trendline?

@Wicktator, I use a much more systematic approach with my trading. my entries will always be on a breakout of a level so it will depend on the location of the level. it could be near the retest of this TCL resistance, but if it's not i will be entering anyway. for this chart i would get long on a break of 1.41.

from purely a price action point of view. i think we test either 1.4050 or 1.4030, so if i was short i would exit around these areas.

Powell testimony later on, so i don't believe the fireworks will be happening today, unless it's after this event.

have a good one.

@zzzztrader, that was really helpful. I’m trying to make a systematic approaching to my trading and really liking the retest method.

Yeah it’ll probably be slow until then. Looking forward to seeing how this one plays out. GBP seems super extended at the moment.

Thank you! 😴 💤

@Wicktator, anytime!

I agree about GBP, i think we consolidate here for a day or 2 and let the MA's catch up.

have a good one.

Great stuff brother!

when do you suggest we get in?

@Martingold, hi, all depends on price action if we see pull back to 1.4050 - 1.4030 area.

FYI - my trading style is purely systematic and based on signals and reading PA. However, i also like to try and gauge which areas the markets respect, then apply my analysis and use these levels for stop losses and targets.

hope that helps.

Brother continue to do beautiful work