GBPUSD TRADE IDEA - SHORT
WEEKLY BEARISH, DAILY BEARISH, 4HR BEARISH
The break and retest on the daily of the WEEKLY and DAILY AOI which also has a round psychological level @ 1.38000.
Early in the morning before Frankfurt and London Session, price broke down and formed a beautiful engulfing candle on the 4hr timeframe which supports the idea that sellers are starting to enter the market on this pair at this strong Area of Interest for a bearish trend continuation.
For me all this up move formed during London was meant for accumulation of shorts for London and New York Session.
Daily Structure shows bearishness and potential for a huge move to the downside considering the volatility in the markets.
https://www.tradingview.com/x/zEMAjYf8/
The break and retest on the daily of the WEEKLY and DAILY AOI which also has a round psychological level @ 1.38000.
Early in the morning before Frankfurt and London Session, price broke down and formed a beautiful engulfing candle on the 4hr timeframe which supports the idea that sellers are starting to enter the market on this pair at this strong Area of Interest for a bearish trend continuation.
For me all this up move formed during London was meant for accumulation of shorts for London and New York Session.
Daily Structure shows bearishness and potential for a huge move to the downside considering the volatility in the markets.
https://www.tradingview.com/x/zEMAjYf8/
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