MalikTrades_

GBP/USD Trade Breakdown

Short
FX:GBPUSD   British Pound / U.S. Dollar
4h Structure was bullish, currently breaking 4h structure with current bearish impulse. 1H & 15min Bearish Market Structure. Price formed 30,15 & 5min Resistance. 1H & 15min Fibonacci 0.618/0.50% Rejection. 1H & 4H Candles flipped Bearish, Under all moving averages, Weekly/Daily Pivot Levels aswell as 5min Algo Strong Sell. Entry taken after 5min Resistance close on Key Level 1.24000 targeting former 5min Support for 1st targets. Overall TP is 15min Fibonacci -0.27 extension.
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