simontien
Short

GBPUSD 4h: a short structure-based trade

FX:GBPUSD   British Pound/U.S. Dollar
New lower low, waiting for retest of previous low.
Sell at confluence with 50% fibonacci retracement of the last swing low.

T1 at structure (blue dotted line) which is 1.27 fibonacci extension of the last swing low as well.
T2 at 61.8% retracement of the main swing high in this chart
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