GBPUSD sell
So i am currently looking forward to catch a sell Continuation on this current bearish setup just right above price. The confluences for the sell are-
1) Market Structure-BoS
2) Supply
3) Imbalance
4) Liquidity
So if price is able to successfully retrace back to the supply zone above,I’ll head down to the lower timeframe as from 15mins-3mins to look for my confirmation entry structure which is a ChoCh. If it emerges successfully I’ll look for a valid POI made up on the ChoCh structure of either Supply,imbalance and liquidity or only supply and imbalance and place my entry on it. To target a RR of 1:3rr as profit target.
Note the market is all probability which also makes my analysis a probability.
1) Market Structure-BoS
2) Supply
3) Imbalance
4) Liquidity
So if price is able to successfully retrace back to the supply zone above,I’ll head down to the lower timeframe as from 15mins-3mins to look for my confirmation entry structure which is a ChoCh. If it emerges successfully I’ll look for a valid POI made up on the ChoCh structure of either Supply,imbalance and liquidity or only supply and imbalance and place my entry on it. To target a RR of 1:3rr as profit target.
Note the market is all probability which also makes my analysis a probability.
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