Gbpusd is ready for selloff.

Based on the market structure we see price broke the daily consolidation and now price is retracing to the neckline zone which come in confluence with the trendline of the lower highs


So I think its a very nice calculated risk with multiple confluence of trendline in H4 and fib level plus the neckline of the consolidation


STOP LOSS IS ABOVE THE POC LEVEL OF the market structure in case of fakeout on today's news after 2 hrs. keep an eye on it

Follow more for more breakdowns!!!