Short

GBPUSD - Retest of Structure Shelf

The GBPUSD is a pair that we've had on our radar from the beginning of the week for a few different reasons. Initial there was a 2618 Opportunity setting up (which is technically still there), but there was also a smaller trend trading opportunity setting up at the retest of the double tops lows.

Price ended up consolidating at the smaller structure level before eventually dropping and creating a new structure low.

Now as we look to retest that level, I have potential shorts on my radar once again

Bigger picture I'm not too sold on projecting a bearish move as I think the path of least resistance is still to the upside, so entries and target taking on this potential trade will be extremely conservative.

Akil
TGIF

Akil_Stokes

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Akil_Stokes

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