GBPUSD - Bear Play
Updated
Hi everyone
We currently entering into a strong sellzone for Cable. Protective stops noted in the blue shaded area
Based on the 4hr movement - showed us strong bullish momentum. We had a market structure shift to the downside but stops are being targeted and raided.
strong believe price will start reaching for lower areas now - BEAR power
Target area
- 1.21790
- 1.21130
Stops
- 1.23100
I will update on this as the week plays out
Stay safe
We currently entering into a strong sellzone for Cable. Protective stops noted in the blue shaded area
Based on the 4hr movement - showed us strong bullish momentum. We had a market structure shift to the downside but stops are being targeted and raided.
strong believe price will start reaching for lower areas now - BEAR power
Target area
- 1.21790
- 1.21130
Stops
- 1.23100
I will update on this as the week plays out
Stay safe
Trade closed: stop reached
i was wrong here. Got stopped out. we will learn and move on
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