GBPUSD has been down trending for long period of time. However, it seems to find the support where traders go long. Whereas, I believe that the pair is doing the induction to the upside grabbing more buyers in order to make the sellers move. Thus. I believe shorting the GBPUSD can be one of the good trades in Monday. However, trading Monday and Friday is not recommended, it is highly likely to get trapped into market makers trap. Thus, trade carefully and use proper money management with lot sizes. There is a possible scenario that i am waiting but it seems to go away, i am waiting for DMA retest one more time to sell. If is not present there is another day to trade.
The setup gave us nice 1:4 on DMA with 120pips for Monday (Join Forexia Academy to learn more and receive this type of projections and Learn more about DMA HERE .
Hananta
Thank You forexia. even it’s a past analysis, we still can learn from it.
better if you put mentor’s name who analyse than “Boxo forexia” so we can know who’s style of analysis this is.
Boxo Fxia
Thank you for your comment. It is my own analysis. (Trading Style Mark English and GoldenPipsGenerator(Hooman))