Looking to short this pair with a retest at this zone. If price holds there and displays rejections I will look to take a short position.
Not too long ago in a previous similar Idea that didn't work out I was expecting price to go on to make higher highs and respect the uptrend market structure however price has made a reversal and now ill be looking for a retest to go short on this pair there is GBP Weakness.
Price is forming a downtrend market structure here, so we look for price to retest this zone and see if it holds here to confirm an entry for a short position.
Price has broken the strong level of support and now for the following week I will be looking for price to retest the zone , hold/reject and then look to go short for a continuation of the downtrend.
Price has broken through support now I will look for a retest of the zone with price rejections to enter a short position.
Break of the support zone now we shall wait for price to retest for a continuation to the downside.
Price Action displaying LH's and LL's therefore we wait for a retest for a short
Price is retracing to the previous support zone for a retest if price can show rejection to this zone which also falls between the 61.8% and 50% Fib Level then we can take a short position.
Price has broken through the level of support with strong bearish pressure now ill wait for a retest and confirm price rejections at the zone for a continuation to the downside. GBP weakness
Waiting for price to retest the broken support zone for a continuation to the downside. Price will need to show that it is rejecting and holding before going short.