gbpusd 8h key levels and outlook (NEW)

2020-02-29 19:42:30

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We trade based on two prop systems. One systems picks reversals in FX/crypto/stocks.
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So without further due. Keep it short/simple and to the point.

gbpusd 8h key levels and outlook (NEW)
short-term bullish.
mid-term bearish.

gbpusdusd 8hour bid dump recently gap fill
at 2780. expecting short-term bounce which
will likely get sold later this week.

sentiment:
5 000 lots short
15 000 lots long
outlook: bearish

key levels on chart:
2780 mirror s/r
2720 mirror s/r
2990 mirror s/r
3060 top range

recommended strategy:
early next week:
buy from strong s/r near 2720
target 2960//2990.
later: short sell into bounce.

good luck, traders.

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