FOREXCOM:GBPUSD   British Pound / U.S. Dollar
I've been looking at this chart for a while now anticipating a possible short term reversal. on the chart we can see that price took sellside liquidity before breaking structure to the upside. I would like an entry around a rejection at the breaker block indicated on the chart. Another good possible entry would be the 62% fib retracement, but I have my doubts about price dropping that far. anyways I would like an entry if I get confirmation around those two levels. and my target would be the buyside liquidity resting between the -50% and -100% fib levels. let me know what you think about this idea, or any other thing I might be missing.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.