WAITING ON THE NEXT SHORT OPPORTUNITY
GBP/USD 1D - I am now waiting for price to trade us up and into one of two areas of Supply to deem us a valid entry so that we can take this market short. As always its important we wait for confirmation before entering.
This will come via a fractal break of structure which should follow after the penetration of one of two zones, it all depends on the volume thats introduced upon penetrating these areas.
We need to see a flip in the balance, giving us the break to the downside as this confirms to us that the correction has finished and a new trend to the downside is ready to take place.
By getting involved in one of two areas we are again getting in with a refined entry, allowing us to profit more so than if we were to just go short at any point, we are able to increase our RR ratio meaning greater returns.
This will come via a fractal break of structure which should follow after the penetration of one of two zones, it all depends on the volume thats introduced upon penetrating these areas.
We need to see a flip in the balance, giving us the break to the downside as this confirms to us that the correction has finished and a new trend to the downside is ready to take place.
By getting involved in one of two areas we are again getting in with a refined entry, allowing us to profit more so than if we were to just go short at any point, we are able to increase our RR ratio meaning greater returns.
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