GBP vs. USD - Short Term Swing Trading Idea - 27 July 2022

26 Tem 2022

GBPUSD in next three days is in high probability for a drop of 140-150 pips. In this moment wave B-starting and C wave will be with extra sharp volatility. Good area for buys is over 1.1890-1.1875

What is the supported thesis technically for the expected scenario on GBPUSD?

- Expecting start of B waves and final capitulation of C wave
- MACD will reverse a bit and after that will make a sharp move
- Strong support @ 1.1885

If you have any questions related to this trading idea I will be happy to provide you with answers.