GBP/USD 4H - This is another market that is giving us clear bearish structure and is showing no signs of slowing down or stopping, we should be therefore looking for areas of Supply to get involved from.
Above I have gone ahead and marked out two areas of interest I feel price may trade up and into before taking us lower in the market. The first one is a Hidden Order block and the second is a clear Order Block on this timeframe.
We want to see price trade up and into one of the Supply Zones above in order for us to get a good entry to go short, in order for us to enter we want to see price break structure fractally to the downside after penetrating one of two zones.
Once we have been delivered with a BOS we have confirmation that price is no longer trading us in a bullish way correcting itself but is now trading us bearish again for the next impulse.
Above I have gone ahead and marked out two areas of interest I feel price may trade up and into before taking us lower in the market. The first one is a Hidden Order block and the second is a clear Order Block on this timeframe.
We want to see price trade up and into one of the Supply Zones above in order for us to get a good entry to go short, in order for us to enter we want to see price break structure fractally to the downside after penetrating one of two zones.
Once we have been delivered with a BOS we have confirmation that price is no longer trading us in a bullish way correcting itself but is now trading us bearish again for the next impulse.