Possible SHORT on GBPUSD

Well well well, if it isnt GBPUSD coming back crawling to us with a potential short. Let's get it! Here's what I see...

• double top flirting around my 200-EMA that should ultimately keep the price down.
  
• price in the overbought region of the MFI
  

I believe the price can fall to the previous structure lows at least 50 - 80 pips. We should be able to take profit during the London session if you can get short now. Let's see what the price ends up doing.

Comentarios:

Going to try to start publishing actual entry and exit prices before the trade fully develops. So here it goes, I'll publish 2 signals, one for conservative traders and one for more aggressive traders.

Conservative Trader Signal
Entry: 1.23068
SL: 1.23558
TP: 1.22285
(78 possible pips)

Aggressive Trader Signal
Entry: 1.23068
SL: 1.23068
TP: 1.21861
(120 possible pips)

*Keep in mind, my profitable trades average about 7 - 24 hours (give or take) from entry to exit.

Operación activa:

Okay, I'm going to get in this trade once the price hits 1.23068. This is MY play. Lock me in!

My entry: 1.23068
Stop-Loss: 1.23414
Take-Profit: 1.22635
(43 possible pips)

Orden cancelada:

The pair consolidated a bit and made another push to the upside. I'm out of this trade unless it falls back down under the 200-EMA.