GBP/USD 1M - As we can see price has as of recently tapped into the higher TF Supply zone that I had gone ahead and highlighted out for you all, in doing so it has produced us with great signs of bearishness and a higher TF BOS to the downside.
So with that being said, I am now wanting to see price pullback into the valid fractal Supply zone that I have gone ahead and given you all before continuing in this bearish momentum. I believe price will trail back up into this Supply zone before making its next move lower.
Once we have a clear sweep of this zone I want to see good rejection to the downside and some sort of confirmation that the fractal bullish correction has finished allowing enough confirmation to get involved in sells.
As soon as I place a position in this market today I will do my best in giving you my specific parameters if you'd like to follow with me, but as it stands the short I have put on is likely to be as shown in the image.
So with that being said, I am now wanting to see price pullback into the valid fractal Supply zone that I have gone ahead and given you all before continuing in this bearish momentum. I believe price will trail back up into this Supply zone before making its next move lower.
Once we have a clear sweep of this zone I want to see good rejection to the downside and some sort of confirmation that the fractal bullish correction has finished allowing enough confirmation to get involved in sells.
As soon as I place a position in this market today I will do my best in giving you my specific parameters if you'd like to follow with me, but as it stands the short I have put on is likely to be as shown in the image.