GBP/USD 1H - This is one of the final markets I am looking at this week, I feel price is going to continue with this bearish momentum. As you can see price has traded us up and into the Supply Zone above.
I want to see price now trade us back up and into the more fractal area of interest the second Supply Zone. I feel this will be a perfect place to enter in on short positions from, its just important we WAIT for entry confirmation before placing.
We have had a break in the low that traded price up and into the first Supply Zone, meaning we have had a fractal break now we want to see price trade us into this second one and deliver us with a more fractal break.
This will give us the confirmation that the correction trading us into the Supply zone has finished and the new leg taking us lower is ready to take place, deeming us a valid entry.
I want to see price now trade us back up and into the more fractal area of interest the second Supply Zone. I feel this will be a perfect place to enter in on short positions from, its just important we WAIT for entry confirmation before placing.
We have had a break in the low that traded price up and into the first Supply Zone, meaning we have had a fractal break now we want to see price trade us into this second one and deliver us with a more fractal break.
This will give us the confirmation that the correction trading us into the Supply zone has finished and the new leg taking us lower is ready to take place, deeming us a valid entry.