Potential Long Term Short Setup - 1.4500-1.4800 Zone
I've started to watch GBP/USD a little more closely now, as price action is starting to close in on a mid 2016 supply zone that has not been touched since that time.
Personally, i don't use a bunch of indicators on my charts, i just plot out what i believe to be strong supply and demand zones and simply wait for price to get there. Once there, I'll simply look for a daily reversal confirmation or possibly set and forget and entry based on price structure. I'm looking for this to be a very long term short, so we'll just have to wait and see how it plays out.
Personally, i don't use a bunch of indicators on my charts, i just plot out what i believe to be strong supply and demand zones and simply wait for price to get there. Once there, I'll simply look for a daily reversal confirmation or possibly set and forget and entry based on price structure. I'm looking for this to be a very long term short, so we'll just have to wait and see how it plays out.