Looking to short gbpusd long term. We have reached a key level of 1.36 and rejected it.
From wave analysis we can see that we have created relatively equal impulses and retracements so I'd like to see another impulsive move down from the current level.
Note the stop loss i have shown here is very aggressive so take that into consideration if you take this trade.
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose and this type of speculative trading can result in loss and/or profits.
From wave analysis we can see that we have created relatively equal impulses and retracements so I'd like to see another impulsive move down from the current level.
Note the stop loss i have shown here is very aggressive so take that into consideration if you take this trade.
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose and this type of speculative trading can result in loss and/or profits.
Trade active:
1.37000 would be a safe stop loss for anyone taking this trade