GBPUSD has been in a downward trend on the weekly chart since October 2007. It looks like we are in an accumulation schematic starting in October 2106. Price pushed above the weekly downward trend line before starting it's new move to the downside. I have shorted and will be waiting for a spring action of price moving below the lows of March 2020 and then starting a new upward trend. The returns of a downward push are 34x and then the new uptrend forming will be many times larger than this.
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Great opportunity to enter April 5 but today is just as good. Just under 4x return if prices reach March 20 prices.
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Trade doing great so far. Hit 20% returns earlier today but happy to wait for more long term 400% return target.
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