As per the video idea price action is at a perfect place to sell, great risk reward. we've seen some lower highs and we are at a place now where it could sell off again.
As per the video entries around now or next week looking to hold on to the short for a while stops where you're comfortable but great risk reward.
Here's another longer term idea on this pair and I'm already involved. Aussie losing strength over a long period of time and has tried already 3 times to break out of a range and failed every time, we can short now and hold on until we see a 50% retracement from the previous bullish leg as demonstrated.
As per the video the pound has been in decline over the past years so am looking for longer term shorts. On the weekly price action looks toppy and there's a good risk reward potential for entering short now looking for a retracement to 50% or even further. Whether it will ever reach parity or simply bottom out and climb remains to be seen in the future.
As per the video we're at a point for a long entry on the next leg up then we wait for breakout situation. Price action has till now respected the dynamic trendlines. OK risk reward, maybe worth waiting to see if price dips down into the dynamic support zone, depends on your rules of course.