LOOKING FOR POTENTIAL SHORTS ON GBP/USD
GBP/USD 4H - Originally my bias was to see price continue trading price higher up and into the Supply Zone above, as of recent though we have seen price breakdown to the downside.
For me this is suggesting price is putting in a fractal corrective wave within this higher timeframe correction to the upside, meaning this bearishness is temporary before a continuation to the Supply Zone above.
I want to see price trade us up and into the fractal Supply Zone now and then continue trading us lower, we can look to go short from this area in price. As always we just need to wait for price to give us the confirmation needed.
I want to see price trade us into the Supply Zone, deliver us with a break in structure and from there we can look to get involved as we will have the confirmation needed in order for us to look to take part in shorts, my alerts have been set and I will wait patiently.
For me this is suggesting price is putting in a fractal corrective wave within this higher timeframe correction to the upside, meaning this bearishness is temporary before a continuation to the Supply Zone above.
I want to see price trade us up and into the fractal Supply Zone now and then continue trading us lower, we can look to go short from this area in price. As always we just need to wait for price to give us the confirmation needed.
I want to see price trade us into the Supply Zone, deliver us with a break in structure and from there we can look to get involved as we will have the confirmation needed in order for us to look to take part in shorts, my alerts have been set and I will wait patiently.