GBPUSD Short
The USD is currently correcting. However, when things will turn around, both the EUR and GBP are good candidates to ride the next USD bull run.
For the GBP, I'll be looking to enter short when the price reach the 1.255 zone. This zone is matching the 0.618 retracement level + previous neck line + top trend line.
Entry: 1.2550
Stop: 1.2688 (above the next fib level + resistance zone)
Target: 0.1915 (previous low)
R/R: 4.5/1
For the GBP, I'll be looking to enter short when the price reach the 1.255 zone. This zone is matching the 0.618 retracement level + previous neck line + top trend line.
Entry: 1.2550
Stop: 1.2688 (above the next fib level + resistance zone)
Target: 0.1915 (previous low)
R/R: 4.5/1
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