GBPUSD Swing Trade Idea

11월 17일

Using the 3W timeframe.

1.GBPUSD is in a bearish trend
2. I am looking for Sells (LH)
3.Current trend is Pro-Trend (>Using Daily timeframe)

Price on the 3W timeframe has tapped and rejected on my Fib entries, this indicates a possible structure re alignment on this timeframe. But the confirmed setup will take time to form.

Therefore: using the daily timeframe, i can confirm that GBPUSD is in a bearish trend, price has recently tapped just below a liquidity area. No stable LL has been formed yet so, i will wait for a clear LL to be formed then apply the same method:

Identify the last BOS, followed by the last LH and the recent LL, apply Fib to get the ideal discounted entry price for shorts.

Patience can be rewarding.
GBPUSD