GBPUSD 18/11
Updated
Looking to short GU from 1.35000
4H timeframe confluences:
-Pair is making a series of LH and LLs indicting a bearish market structure
- Due to bearish market structure, I will be favouring shorts until there is a momentum shift.
- The 1.35000 key level coincides with the 78.6-61.8% fib retracement range providing further confluence for downside shift.
If market closes above 1.35250 then this set-up will be invalid
TP: 1.33000
4H timeframe confluences:
-Pair is making a series of LH and LLs indicting a bearish market structure
- Due to bearish market structure, I will be favouring shorts until there is a momentum shift.
- The 1.35000 key level coincides with the 78.6-61.8% fib retracement range providing further confluence for downside shift.
If market closes above 1.35250 then this set-up will be invalid
TP: 1.33000
Trade closed: target reached
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.