26th July- 30th July GBP/USD BIAS
SHORTING GBP/USD from 1.38000 to 1.36000 - 1.34000.
CONFLUENCES:
- Sterling Sentiment overall bearish
- Down trend continuation
- 68.1% FIB
- TRENDLINE BOUNCE
- SUPPLY ZONE
Waiting for confirmation of markdown. Currently in distribution phase of Wyckoff. (Lower timeframes)
Entering shorts week ahead unless trendline has been broken - Bias change.
CONFLUENCES:
- Sterling Sentiment overall bearish
- Down trend continuation
- 68.1% FIB
- TRENDLINE BOUNCE
- SUPPLY ZONE
Waiting for confirmation of markdown. Currently in distribution phase of Wyckoff. (Lower timeframes)
Entering shorts week ahead unless trendline has been broken - Bias change.
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