GBP/USD 4H - Again this is another market that has continued to play out exactly as we want it to. I have gone ahead and provided you all with a path of how I believe price will play out.
We have seen multiple breaks of structure to the downside on both fractal and higher TF’s giving us the confirmation we need in order to look to execute sell positions. What we need to do is look for areas at which price can pullback into to give us a refined entry when looking to sell into this market.
I will go ahead provide you all with sone potential supply zones that I deem as valid that price could tap into before giving us further bearishness, enabling a refined entry on this market.
Once price trials into our higher TF demand zone set believe I do believe price will go on to trail higher and break the higher TF highs that have been created before this initial move lower.
We have seen multiple breaks of structure to the downside on both fractal and higher TF’s giving us the confirmation we need in order to look to execute sell positions. What we need to do is look for areas at which price can pullback into to give us a refined entry when looking to sell into this market.
I will go ahead provide you all with sone potential supply zones that I deem as valid that price could tap into before giving us further bearishness, enabling a refined entry on this market.
Once price trials into our higher TF demand zone set believe I do believe price will go on to trail higher and break the higher TF highs that have been created before this initial move lower.