GBPUSD 01/02/2022
Looking to short GU from 1.35000
8H Timeframe Confluences:
- Bearish market structure, only looking to short the market
- Timeframe is making LLs and LHs
- Possible 3rd bounce on the trendline coincides with weekly key level, further supporting a possible short
Waiting for price action to indicate that a short trade is in play. If price action indicates reversal, a short to 1.33090 to create a new LL will be taken.
8H Timeframe Confluences:
- Bearish market structure, only looking to short the market
- Timeframe is making LLs and LHs
- Possible 3rd bounce on the trendline coincides with weekly key level, further supporting a possible short
Waiting for price action to indicate that a short trade is in play. If price action indicates reversal, a short to 1.33090 to create a new LL will be taken.
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