HEY GUYS HOW IS IT GOING? LOOKS LIKE GBPUSD BULLS ARE FINALLY GIVING UP AS THE BULLISH 120MIN TL IS BROKEN NOW AND BEARS ARE GETTING MORE SPACE FOR MOVES NOW. WEEKLY BALANCE @ 2910 ALSO BROKE DOWN SO NEXT LOGICAL TARGET IS WS1 @ 2840 IF WS1 FAILS TO CONTAIN SELL SIDE PRESSURE WE ARE LIKELY GOING TO GET A PRINT @ 2700 LATER THIS WEEK.
BASED ON THE ABOVE + THE STRONG DXY H4 DB I RECOMMEND SCALING IN ORDERS ON SELL SIDE VIA SELL STOPS BELOW CURRENT PRICE.
GOOD LUCK TRADERS!
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2700 IS A POSSIBLE TARGET FOR BEARS THIS WEEK.
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AND THAT'S IN LINE WITH MY HTF ANALYSIS ON DAILY. WAVE4 COMPLETES NEAR 2700 +-20-30 POINTS GIVE OR TAKE.