GBPUSD short (Explained)(Wyckoff, Elliot Wave, SupplyDemand)

GBPUSD is ranging now for a long while. It is a Sideway Trend on h4 timeframe.

Wyckoff:
- This pattern is pretty clear explained in the Wyckoff Trading Method. Before this Sideways Trend happened the price was shooting up. This is called Mark UP. Afterwards price goes sideways which will be followed from the Mark Down. A big drop. I clearly marked this in the Analysis.

Supply and Demand:
Now the question is where to enter. Here I am using Supply and Demand to determine my Entries and Targets on this Trade. Of course you also can Swing Trade the whole Swing. I would not recommend this because GBPUSD is in an Up Trend. That is why I am expecting after the Mark Down a big move to the Up Side again.

Elliot Wave:
Also you could draw here the Elliot Wave Pattern. We are currently in the Wave 4. Which will be completed if price goes down. Followed by the 5th Wave to the Upside. This 5th Wave will create a new high.

I hope you all enjoy my Analysis. Please leave a LIKE and a COMMENT.
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