Two possible short entries for GBP/USD.
Expecting high volatility moves during GBP and USD news in the next couple of hours.
I think price will spike again towards 42000 to reject from that zone and sell off. Watch the price during the news.
If the price continue falling I will look for a sell opportunity lower.
1st entry at the 1.42650 (50% Imbalance on 4H TF) TP 1.37600 ( towards the previous long accumulation) SL no farther then 1.43000 (35 pips)
2nd entry at 1.42350 (Daily Institutional Candle) TP 1.39000 (Imbalance) SL 1.42650 (30pips)
Expecting high volatility moves during GBP and USD news in the next couple of hours.
I think price will spike again towards 42000 to reject from that zone and sell off. Watch the price during the news.
If the price continue falling I will look for a sell opportunity lower.
1st entry at the 1.42650 (50% Imbalance on 4H TF) TP 1.37600 ( towards the previous long accumulation) SL no farther then 1.43000 (35 pips)
2nd entry at 1.42350 (Daily Institutional Candle) TP 1.39000 (Imbalance) SL 1.42650 (30pips)