GbpUsd Trade Idea

15 oct

Second set up I'll be looking at this morning is going to be GU. We have GU at a clean and well respected level of support that price has respected before. We're also at a weekly resistance using it as support right now. Weekly time frame is still bullish as well with price respecting the support it's currently at. If price shifts to the upside then we would just be following the overall trend. Now, if price decides to crash from here then we would have broken bullish structures on all time frames. Once the smaller time frames pullback to retest and confirm our shorts all time frames would be in sync for short opportunities. But that's if a break to the downside happens here. For now I'm chasing longs. We'll see!