possible sell setup on GBPUSD

possible sell setup on GBPUSD

if you look to the left you will see a supply formation from our last week entry

then price made a bearish engulfing at 50 % of the fibonacci

we entered a downtrend last week friday

i am using a 50 pips stoploss and 50 pips Take profit target

breakeven at 30 pips

also stay active incase the setup is invalidated