Another potential GBP/USD sell re-entry

From the last push down i drew up a fib from the most recent high to the most recent low and got a nice orderblock on the 5 min this time i am fully prepared long in advance while the market is accumulating orders, I see a potential small retracement and then another drop hopefully to a new area of interest making another lower high to maintain current market structure and bias to the down side. This is what i plan to do with GBP/USD until the market structure changes as we can still see we havent made it out of the weekly orderblock as yet and have had decent profit because of how huge the area is. Looking to see it move out of the area comfortably and continue falling and looking for re-entries in order to keep making money

Commentaire:

It pulled back into our predetermined zone perfectly and I just entered a sell slightly into the stoploss zone nice risk looking for it to fall some more as it has been falling nicely this week for my bias and set up. Chances are the market structure can change but it would need to break past all of my previous orderblock in order for me to change my bias another nice trade and because i was patient and am now entering my rr is even greater with a tighter stop loss