Following on from my idea I posted on May 14th.
GBPUSD Short aiming for the demand zone at 1.28000
We've had a break of structure to the downside on the 1H chart at 8:00am BST inside a clear 1D supply zone.
There is still the risk of EQL high liquidity that could send this trade past my stop loss but there is a big rejection candle on the 1H which broke the structure to the downside.
First demand zone to tackle would be the zone at 1.34400 but if this gets blown through there is a lot of open price action back down to 1.28
GBPUSD Short aiming for the demand zone at 1.28000
We've had a break of structure to the downside on the 1H chart at 8:00am BST inside a clear 1D supply zone.
There is still the risk of EQL high liquidity that could send this trade past my stop loss but there is a big rejection candle on the 1H which broke the structure to the downside.
First demand zone to tackle would be the zone at 1.34400 but if this gets blown through there is a lot of open price action back down to 1.28
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.