A Beautiful Tech Setup.. GBPUSD

13 Jul 2023

Hey Traders,

When something rallies for 10 months... On and on.. you have to think.

After the 3% US Inflation reading USD has sacrificed a lot of value VS currencies like the GBP bringing us to previously hit long term short zones within long term downtrend.

Should I have bought earlier? Wouldn't people now start to exit longs?

Shouldn't I Short?

Well, naturally, the latter is the answer. As the GBP rallies VS the USD you will come to Key Price Action Tech zones.

This causes shorters (smart money) to enter.

Ideal shorts at labelled zone.

And.. Ya really want to be running with them.

Trade small and do not overleverage.

13 Jul 2023

Nota

Short Zone Circa 132

13 Jul 2023

Nota

Remember to not forget what price action looks like when it’s rampant..

You can hold off shorts until the appropriate time!

14 Jul 2023

Nota

Still room to go. Too early to long (weak market value)

17 Jul 2023

Nota

1318 Shorts Followed by various further shorts higher up 134 1365. (similar to EURUSD and updates to come)

20 Jul 2023

Nota

Exit any shorts for gains.

21 Jul 2023

Nota

Larger fall, exit shorts.

24 Jul 2023

Nota

Should now be out of all shorts. Longs come 1268

7 Ogo 2023

Nota

Exit all longs for gains.