An idea where the previous swing low was taken and it seems to keep rejecting that area.
It has now done a break in market structure on the H1 also respected a 30 min breaker.
I would expect price to go up now, I have longed this and will see what happens today.
Deepening on the type of breakdown will decide if I hold it or not,
As before I was trying to short GBPUSD down to this level to get long, basically I was going to hedge in a better entry and eliminate draw down but missed the short.
Want to get long to 1.4548.
Short EURUSD - on a retest of RTO
Bearish down to TP or near to - when bottoms I will long all the way upto to Quarterly Void Fill.
May hedge in the position using the short potentially > and scalp some profits on the way down.
Planning a buy limit off the level shown with a 20 pip stop loss, this is for a potential swing trade but this will be first take profit level.
Reasons for getting into the trade EURGBP keeps indicating new lows so bearish trend ?
April seasonalities also conjure being bullish pound which would go inline want to see a clean break of 1.4075 & 1.4096 for real...
