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

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


🔸 Summary and potential trade setup
::: GBPUSD weekly chart review
::: almost maxed out now
::: 1000 pips correction will follow
::: marginal upside remains
::: 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 2180 SL 100 pips
::: Recommended strategy: SHORT IT
::: big moves in FX next few months
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARS/REVERSAL
::: 16 000 lots SHORT / 5500 lots LONG