GBPUSD looking for a bounce to Short more: GU move not done yet?

25 Sep 2018

Looking for a bounce at London Open to enter short again.
I am hoping price will come up to one of the Red zones for entry, and Green zones as Take Profit zones.

As you know, it dropped quite a bit on Friday, which I caught some of because I was looking for a short per this plan.

GU showed a small bounce on Monday (to the .382 fib retrace) but started falling again.
I did catch some scalps on Monday but have now closed and waiting for London to do the usual thing.

25 Sep 2018

Nota

GU approaching first possible resistance, watching closely. that strong rise is a bit of a concern, so trigger finger held at bay until clear signs of rejection (if)

25 Sep 2018

Nota

GU definitely noticed that resistance, watching in small TF now

25 Sep 2018

Nota

shorts fired

25 Sep 2018

Nota

Shorts fired, small position for now, will add more if drop takes shape

27 Sep 2018

Nota

Quite the ride today, between FOMC and Brexit woes now sitting at a support band after a significant move during Asian session. Lets see if London (in a few hours) keeps it rolling downhill or not....
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27 Sep 2018

Nota

This support zone also happens to contain the Weekly Central Pivot, which has worked as support. But has been hit 3 times now, and in my option each time a support is hit, it gets a little weaker. And this last hit was with some serious momentum on political news

27 Sep 2018

Nota

Pound is approaching my first possible support zone.

29 Sep 2018

Nota

GU blow through the first support zone and almost hit the one below.
But it bounced on the 1.30000 round number as one might expect.
The bounce was decent but stopped quickly at the previous support (not returned resistance?) I am evaluating the moves thus far, and will post a new Idea over the weekend with my updated analysis .
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