Longer Term view of the Pound Dollar points to a trend reversal around a possible P5 area. Once Upper MLH touched good chance of it reaching the ML again. Let's see.
In part 2, I will zoom into the P5 area and point out additional supporting ideas.
I can't give you trading advise but, what I do, is move to a smaller time frame once I establish directional bias and look for the same setups ( in this case short ) on say the hourly or 15 minute chart. Thanks for your comments and I do like your charts and write-ups.....great way to share ideas and different trading styles.