Price is currently ranging in-between two major zones, Daily (blue) and Weekly (Gray). At market close, we see that the daily candle closed bearish
on a Daily zone, which is now in confluence with the higher time frame momentum. As price is moving, GBPUSD
also rejected this 4 Hr
zone (Purple), closing as a bearish engulfing
on the 1 Hr
and 15 minute. Looking to enter sells at the retrace and hit these potential take profit points highlighted in green.