Short Idea GBPUSD

12 set 2018

Two possible scenarios I'm looking at to short GBPUSD. Currently we have an inside day where price has failed to make a higher high or lower low. Therefore scenario #1 would be a run on todays (12/9/18) and Tuesdays high reaching for liquidity before moving to previous lows, engulfing the past two days. Or #2 a simple move to previous lows. With the Bank of England interest rate announcement tomorrow (13/9/18) I expect it to remain unchanged and therefore more potential to short this currency pair.