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Sunday, September 13, 2020

GBPUSD 4D: IHS BULLS / 1 000 pips correction SOON (UPDATE/RECAP)

GBPUSD 4D: IHS BULLS / 1 000 pips correction SOON (UPDATE/RECAP)

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GBPUSD 4D: IHS BULLS / 1 000 pips correction SOON (UPDATE/RECAP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect 1 000 pips
correction soon once we hit the neckline.

This is update/recap of the setup posted on 18th August 2020.
click play to recap. if you followed. you made money. congrats.

GBPUSD W1: IHS BULLS / 1 000 pips correction SOON (UPDATED)

๐Ÿ”ธ Summary and potential trade setup
::: GBPUSD 4days/candle chart review
::: maxed out / rejected at neckline
::: 800 pips downside remains
::: short sell any rips/rallies
::: Dollar losses overextended now
::: Inverted H&S setup
::: 3350 neckline of IHS setups
::: reversal possible next few weeks
::: SHORT IT from neckline TP RS
::: strong upside next few months
::: TP BEARS is 21060 SL 100 pips
::: Recommended strategy: SHORT IT
::: SWING trade setup / no fast results here
::: big moves in FX next few months
::: good luck traders
๐Ÿ”ธ Supply/Demand Zones
::: N/A
::: N/A
๐Ÿ”ธ Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARS/REVERSAL

from Trading Ideas
via gqrds

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