{quote} Good afternoon Zebi, just curious as to how you came to the conclusion to short GBP? On what technicals/indicators etc? Have a nice day guys
im a reversal trader...a contrarian...i go long when everybody bearish and short when they all bullish...
in this GU short case I waited till I got a short signal on the hourly chart since it was way above its average daily range and I didn't get a buy signal when london opened so this is advance is just some news driven shit that will get reversed
I don't use indicators just the hi/lo/ope/close of candle price action...in olden days that was called tape reading... google will explain that better than I could
you can use pivot points,fibs or support resistance levels or average daily range like I use
if price is hitting last weeks highs and that's a resistance level and price is way above its daily average range its not to smart to keep buying for a breakout since what I'm about to say will piss people off but what japan and london does in the middle of Americas sleeptime usually gets retraced in a few days since they don't mean anything to new york
short trump and go long the deepstate
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