GBPUSD - Short Trade Idea

8 sept.

Hello hello,

We have a short trade idea on GU for the coming week, anticipating the next 12h candle.
I am expecting a move into at least one of the iFVGs on 12h timeframe before a move lower with multiple targets graded by my probability hierarchy.

Last week we had NFP which took price to a relatively high level. As is said, "The bodies tell the story and the wicks do the damage". And as usual, during these super high impact news drivers, the wicks can go above and beyond what is normally expected of them. As the bodies are being respectful, I am keen to anticipate the aforementioned trade.

There is more imbalances below that I anticipate price will be drawn to, creating more structure on the sub-weekly timeframes in order to move higher, which is still my current overall bias for XXXUSD pairs until price shows me otherwise on the DXY. For now, I will still follow what the PD Arrays are printing.

In terms of stoploss, the swing high would be a bit far, but as usual I would be waiting on the lower timeframe for a higher RR trade at least to Target 1. From there I would have to see what PD Arrays are being formed on the lower hourly timeframes.

Let's see what happens!

- R2F

9 sept.

Note

And that's all she wrote =)