As we have been in a long term down trend for the last couple months we are long term bearish on
GBPUSD
. Expecting price to drop to our magnet zone.
Price already respected out Short Zone however we anticipate a second test deeper into our zone before dropping with momentum. If not we will look to take intraday trades down into our long zone which we do not expect to hold however, we expect price to react briefly off, before later breaking it to form new lows. We will also lookout for new short zones that may form in the mean time.
GBPUSD
. Expecting price to drop to our magnet zone. Price already respected out Short Zone however we anticipate a second test deeper into our zone before dropping with momentum. If not we will look to take intraday trades down into our long zone which we do not expect to hold however, we expect price to react briefly off, before later breaking it to form new lows. We will also lookout for new short zones that may form in the mean time.
Trade active:
Price is moving towards our zone, at this moment in time we have not been able to enter any shorts as of yet.