GBPUSD Short idea 50-60 pips.

19 בפבר׳ 2021

Cable has rallied considerably yesterday, so this may be classified as an exhaustion / pullback trade. The key focus will be that it failed to continue the bullish momentum. Now to validate the idea, I need 1h to break key bottom structure and CLOSE below the structure. Zooming down to M15 will allow to wait for a confirmation of a lower low level to form - I am looking for a few wick rejections on the broken level. If the lower time frame breaks the new low - short with SL above structure. Targeting lower key levels.