GBPUSD 4H SHORT

GBPUSD 4H SHORT

What are we expecting?

- GBP Weakness - USD Strength = GBPUSD Short Trades.

What is our confirmation?

- Currently in Wave C being the longest wave which validates that we believe that price will push up higher into our Fib Levels Highlighted.
- The DAILY TF is bearish, as this push up is a deep retracement into the 0.50% fib levels.

Where shall we enter?

- We can enter a safe position once we form a Risk Trendline as this will confirm that this is the Wave C.
- Once WFB is broken Once set on lower TF, expect some form of correction, enter on the break of correction.

Once entered where will our SL BE?

- SL will be above FIB Levels for safe SL

Targets?

- Daily Lows