POTENTIAL SHORTS INBOUND ON GBP/USD
GBP/USD 4H - I am looking to take this market short on the basis that price delivers us with the structure we want to see, I would love to see price trade up and into one of two zones marked out above.
Once we see price trade us up and into one of two zones I am expecting Supply to be introduced, from there we ought to see a flip in the current S&D balance. I will be waiting for confirmation entry before I look to take part in shorts with this market.
Entry confirmation will be price trading us into one of two zones and for price to hold, distribute and begin trading us lower. In order for me to have confirmation and additional confluence I want to see a fractal break in structure.
As we know a fractal break in structure confirms that this correction we are in the middle of has come to an end and a new trend trading us lower is ready to take place. Once we have that it will be a case of looking for an entry.
Once we see price trade us up and into one of two zones I am expecting Supply to be introduced, from there we ought to see a flip in the current S&D balance. I will be waiting for confirmation entry before I look to take part in shorts with this market.
Entry confirmation will be price trading us into one of two zones and for price to hold, distribute and begin trading us lower. In order for me to have confirmation and additional confluence I want to see a fractal break in structure.
As we know a fractal break in structure confirms that this correction we are in the middle of has come to an end and a new trend trading us lower is ready to take place. Once we have that it will be a case of looking for an entry.
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