GBP USD SCALP

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Currently at supply area
Volume suggests heavy supply coming in
Market should go down to Demand area

AGAINST MAJOR TREND so quite risky
Note
Come to think of it, I think the 4 Hour upwards fibonacci will be retested around 1.2968

If this idea is valid, i will put my stoploss to break even once the demand area is reached and let the trade run
If prices reached above 1.3047, i will cut the loss short
Note
Bullish pennant just formed which is bad for our trade
But since i dont trade chart patterns, i will leave the trade be
Note
I was stopped out before my target was reached
Beyond Technical AnalysisGBPgushortUSD

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