GBP/USD 1H - How we getting on guys, I hope you are all okay and you have had a good weekend. As you can see above I am predicting bearishness to be introduced this week.
I am wanting to see price break down, breaking what is currently seen as protected lows before delivering us with a pullback where we will then be looking to get involved from.
By price breaking structure to the downside and for price to trade below these protected lows it would tell us that enough supply has been introduced to flip the current bullish trend.
We can expect price moving forward to start putting in that bearish structure. I would have my TP set just above the Demand zone that is sitting below and my SL would be placed above the structural high created once price has broke structure to the downside.
I am wanting to see price break down, breaking what is currently seen as protected lows before delivering us with a pullback where we will then be looking to get involved from.
By price breaking structure to the downside and for price to trade below these protected lows it would tell us that enough supply has been introduced to flip the current bullish trend.
We can expect price moving forward to start putting in that bearish structure. I would have my TP set just above the Demand zone that is sitting below and my SL would be placed above the structural high created once price has broke structure to the downside.