HI guys so last week my post was banned as I posted a link to my youtube to give a more in-depth look into GBPUSD short. there were several attempts to take this short. I ended up taking 1 long and 3 shorts, all short positions moved 50 odd pips into profit then took me out for a break even.
Anyway as we broke above the zone on the daily and the weekly, I will be looking at two things, first will be taking it short from the top of the channel. I will monitor closely to see if we retest the highs. If it looks bullish I will then close my short and open a long back my next level of supply.
My bias at the moment is still short. but I must wait for confirmation over the next few days.
ps if anyone does wanna look at my videos just look up 'Elliot's Trading'
Anyway as we broke above the zone on the daily and the weekly, I will be looking at two things, first will be taking it short from the top of the channel. I will monitor closely to see if we retest the highs. If it looks bullish I will then close my short and open a long back my next level of supply.
My bias at the moment is still short. but I must wait for confirmation over the next few days.
ps if anyone does wanna look at my videos just look up 'Elliot's Trading'