GBPUSD - Levels I Anticipate Price to Gun for

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First, I am strongly bearish on this pair, I want to see price sweep below that 1.20374 level, then retrace back in to an entry region (1.22690 and 1.22249 for me to go short.

I would be looking at placing my stop to the most recent high 1.23390and target that 1.18500 level.

But at first, I would love to ride price down to perform the sweep, I would go down to a lower TF to look for good setups to ride the flow.

If we take the sweep down before Tuesday, then I will be expecting the high of the week to form on Tuesday 17th October 2023, if we go higher than that on Wednesday or Thursday, then I would consider this setup invalid. If we don't take out the sweep before Tuesday, I would consider that week to be bullish week.

This is just a personal input and not a financial advice

Happy trading

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