GBPUSD H4 - Short Setup

23 апр. 2021 г.

GBPUSD H4

We obviously like to trade between our zones, right? That's how we know where we are looking to enter, where we are looking to place our stops and take profits, we can easily monitor and measure our trades on this basis, hence our strategy 'trading between the zones'.

We broke our 1.39 support zone and sold off circa 75 pips before correcting, bearing in mind, from 1.39 to 1.38 is only 100 pips, so 75% of that move was filled without a pullback.

Now seeing somewhat of a pullback, DXY is in a key range (91.00 support), we could either see a bounce or break, so effectively sat on a possible pivot point almost. Eyes peeled, could see some bit moves for the week close.