GBPUSD - Price trading inside strong bearish. Impulse Short entries can be taken once price retest the previous low region. With multiple wicks rejection at the top, we can expect sellers to garner control over the market. Our sell limit orders are placed around that region. Once price rejects that area, we can look at immediate market execution.
Potential short entry with following confirmations.
TP - Green Zone
SL - Red Zone
R:R Ratio - 1:2.32
✅ Oscillator downward trend
✅ Trend catcher
✅ Bearish trendline downward channel
Potential short entry with following confirmations.
TP - Green Zone
SL - Red Zone
R:R Ratio - 1:2.32
✅ Oscillator downward trend
✅ Trend catcher
✅ Bearish trendline downward channel