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YajnaR
Nov 18, 2021 8:48 AM

GBPUSD 18/11 Short

British Pound/U.S. DollarFXCM

Description

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

Trade closed: target reached

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