*Please excuse the poor audio!
What's up traders! Today I will be going over my thoughts on GBPUSD, and where I see the pair going from a short term and long term perspective. We will be considering the following: 1.) The recent Double Bottom formed on the Monthly timeframe 2.) The break of structure at a previous strong resistance zone 3.) The possible retracement/pull back to the .382 Fibonacci Level, which is in confluence with the previous strong resistance zone on the Monthly timeframe 4.) The Double Top on the Daily time frame 5.) The area we're I expect price to move, in order to fulfill enough liquidity for a larger impulse to the upside 6.) A potential short-term SHORT position and long-term LONG position.
What's up traders! Today I will be going over my thoughts on GBPUSD, and where I see the pair going from a short term and long term perspective. We will be considering the following: 1.) The recent Double Bottom formed on the Monthly timeframe 2.) The break of structure at a previous strong resistance zone 3.) The possible retracement/pull back to the .382 Fibonacci Level, which is in confluence with the previous strong resistance zone on the Monthly timeframe 4.) The Double Top on the Daily time frame 5.) The area we're I expect price to move, in order to fulfill enough liquidity for a larger impulse to the upside 6.) A potential short-term SHORT position and long-term LONG position.