Best Area To SELL Back In On GBPUSD ? (and long)

What an Epic drop on the GBPUSD yesterday just over a 3.5% drop after finally breaking the 1.14 Monthly support dropping pretty quickly down towards the 1985 Monthly Lows after such a move down we should expect a short correction to happen before pushing back down.

The best place to position ourself for a SELL is to wait for price to retrace back up towards the previous Monthly low at 1.14 and look for SELL signals around there I will be looking for my indicator to give me a daily SELL signal around this area just like it did at the previous LOW at 1.172.

We will want to target tthe 1985 lows around 1.05 if the market does start to SELL off again around the 1.14 area that low will be a easy first target for sellers, the market may DROP straight down to this level this week maybe gapping on the open though given the extent of the drop on Friday there will likely be a correction before another decent, hence lookinng to SELL at the 1.14 previous low area is a good idea as there is also a newly formed DAILY SUPPLY/SELL zone there.

I will also look to ride the correction back up to 1.14 also looking for a BUY signal on the 4hr charts early next week and target 1.14 .