FURTHER SHORTS ON GBP/USD
GBP/USD 15M - How we getting on folks, as you can see I am looking to take this market short today to continue this bearish momentum taking us lower. This market has been trading us short for sometime.
Over the course of the last week we have seen price correct itself after its last down move which took place on the monday with help via fundamentals. I now believe this correction has come to an end and I would like to take advantage of the next bear run.
We have seen price trade up now and into an area of Supply and we have been delivered with a fractal break in structure, this suggests that enough Supply has been introduced into the market to potentially give us a flip in the S&D balance.
From here we want to see a continued efforts in driving price lower, breaking those lows and setting new lower highs. I have set my SL above some fractal highs that have been set, acting as protection and I have set the TP just above the last higher timeframe low.
Over the course of the last week we have seen price correct itself after its last down move which took place on the monday with help via fundamentals. I now believe this correction has come to an end and I would like to take advantage of the next bear run.
We have seen price trade up now and into an area of Supply and we have been delivered with a fractal break in structure, this suggests that enough Supply has been introduced into the market to potentially give us a flip in the S&D balance.
From here we want to see a continued efforts in driving price lower, breaking those lows and setting new lower highs. I have set my SL above some fractal highs that have been set, acting as protection and I have set the TP just above the last higher timeframe low.
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