Looking to short GU from 1.35000
4H timeframe confluences:
-Pair is making a series of LH and LLs indicting a bearish market structure
- Due to bearish market structure, I will be favouring shorts until there is a momentum shift.
- The 1.35000 key level coincides with the 78.6-61.8% fib retracement range providing further confluence for downside shift.
If market closes above 1.35250 then this set-up will be invalid
TP: 1.33000
4H timeframe confluences:
-Pair is making a series of LH and LLs indicting a bearish market structure
- Due to bearish market structure, I will be favouring shorts until there is a momentum shift.
- The 1.35000 key level coincides with the 78.6-61.8% fib retracement range providing further confluence for downside shift.
If market closes above 1.35250 then this set-up will be invalid
TP: 1.33000
Trade closed: target reached