H4 Timeframe
Price has previous broken and retested one of the HTF key levels and bearish momentum has continued. I will be expecting this momentum to continue and look to capitalise on this.
M15 Timeframe
We could see price pullback to the previous low.
Plan of Action
If price does pullback to the previous low then I will look for price failing to break above and then enter with momentum down to the next support level. Failing this I will be waiting for the support break and HTF momentum to back the continuation
GBPUSD
Price has previous broken and retested one of the HTF key levels and bearish momentum has continued. I will be expecting this momentum to continue and look to capitalise on this.
M15 Timeframe
We could see price pullback to the previous low.
Plan of Action
If price does pullback to the previous low then I will look for price failing to break above and then enter with momentum down to the next support level. Failing this I will be waiting for the support break and HTF momentum to back the continuation
GBPUSD