GBPUSD - EQUAL MEASURED MOVE INTO STRUCTURE

10 Eki 2017

Following up on this weekends video, here's a look at how the GBPUSD is progressing. If you remember I was looking for a potential retracement back into our previous level of structure & a chance to take advantage of a short-term shorting opportunity.

If the market puts in another equal measured move higher, it would leave price right the highs of a previous level of consolidation. At this level I would expect to see some relief. As always we want to be predictive in our analysis, yet reactive in our execution so I'll be waiting to see how price reacts first before getting involved.

Good Luck this week traders!! And if you'd like a video explanation you can click one of the links below.
Akil