LOOKING TO GO SHORT ON GBP/USDGBP/USD 4H - As you can see price has traded us up and into the Supply Zone above, I have waited now for a fractal break in structure to determine a potential move to the downside.
With my SL above the zone itself this zone is acting as protection for our SL being hit. Setting it above the high that has just been created. I am expecting bearishness to be introduced on the higher timeframes from here on out.
My TP is set just above the higher timeframe low as this low realistically should break in order to create a new lower lower with it being a bearish market on the higher timeframes.
By us placing our TP just above that low we are almost guaranteeing that our TP can be achieved and we have stretched it as much as I would deem safe before any types of reversals.
If you wanted to wait for further confirmation in order to enter I would look for a break in the fractal structure of the bullishness that traded us up and into the Supply Zone before entering.