GBPUSD SHORT / trend is short since 2007 / HUGE opportunity
British Pound/U.S. Dollar FX:GBPUSD
trend is short since Nov 2007 (almost 13 years)
long countertrend has been broken last week
currently market is testing the start of the last impulse on the Daily
Since there is a nice impulsive move down on H4, I would wait for a retracement to the area 1.24123-1.23600, then go short when momentum shows a move down in the shorter time frames (M15-H1).
Long term target zones are pink.
The idea is valid until the green zone is broken.