EURGBP - SELL IDEA
Updated
Since the begginning of the month, EURGBP is corrective to the upside with lack on intention to go higher.
Price respected a stack area of daily + 4h imbalance, showing intention to the downside.
There is a 4h new area of imbalance wich was formed after those equal lows break to the downside with an impulsive move.
I'm expecting a pullback to the upside, sweeping liquidity and reacting from that new area.
My target will be the LL of the current 4h structure (red light).
Price respected a stack area of daily + 4h imbalance, showing intention to the downside.
There is a 4h new area of imbalance wich was formed after those equal lows break to the downside with an impulsive move.
I'm expecting a pullback to the upside, sweeping liquidity and reacting from that new area.
My target will be the LL of the current 4h structure (red light).
Trade closed: target reached
Once there was GBP Interest Rate Decision, price just pushed lower without giving the opportunity I was looking for.
The idea was there with the correct direction.
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