For me it's quite early to sell it from market. I will sell only if we go inside of supply zone then braking red line (retail resistance line) and pushing down with good price action structure ( inside bar or engulfing or any other). If it happens I sell it by rules of PA and S&D.
The previous SELL aim is achieved.
So finally we have good correction structure and two options to sell GBPUSD.
1) I gonna sell it from supply zone, 38% of correction and top of bearish flag the put one more SELL after price brakes bottom line of corrective structure
2) just sell under the bottom line of corrective structure.
The first aim for these SELL orders...
So, now the price is in demand zone but this zone is very old and now we can see 4th touch of it. By the rules of Supply & Demand we cannot trade such an old zone as demand.
Now I gonna waight for price breaking this zone, consolidating and move to the demand zone around 100.00.
Now we're in demand zone on D1. Probably we gonna go to next new supply zone at 107 - 107.5 but we need a good price action confirmatiom on H1 - H4 timeframe to enter this long. I gonna waite for inside bar (or any other model) and enter just after. If we going dow then tis enter is not valid.
Now it looks like we gonna respect this demand zone . But we have to understand that this zone is already touched by price (anyway the second touch can be tradeble by S&D rules).
If we have price action confirmation on H1-H4 than I buy it till the next supply zone (marked)
The 2nd scenario is the price going down. In this case I gonna sell it with PA...