Looking to short GU on retest of 1.34000
4H timeframe confluences:
- Bearish market structure, due to the LLs and LHs being created. Therefore, only looking to short pair
- Last week GU broke through the ascending trendline as well as the key support level of 1.34000
Additional Confluences:
DXY = Bullish
EURGBP = Looking for pullback to the upside
General trend of GBPs = Bearish
4H timeframe confluences:
- Bearish market structure, due to the LLs and LHs being created. Therefore, only looking to short pair
- Last week GU broke through the ascending trendline as well as the key support level of 1.34000
Additional Confluences:
DXY = Bullish
EURGBP = Looking for pullback to the upside
General trend of GBPs = Bearish
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.