GBPUSD-Weekly Market Analysis-Jun21,Wk4

If you have been following my post closely, you will be aware that I've shared the shorting opportunity that is embedded in the GBPUSD daily chart, that trade has a total movement of 383pips which translate to 3,830USD movement within a few days of market movement.

For counter-trend traders, you can wait for a bullish engulfing candle for a buying opportunity and if the market does retrace towards the sell zone(red box), I would expect a bumpy ride up. Between GBPUSD and EURUSD, I would choose to long EURUSD instead.(check out the link within TradingView)

My student has also shared his view on GBPUSD on the tradingview.