FURTHER SHORTS ON GBP/USD
GBP/USD 4H - For those of you who missed the short positions that were given on Sunday, above is another example and area we could look to go short from.
As always its important we are waiting for entry confirmation, in this case it would be price trading us up and into the zone and then breaking structure fractally to the downside.
This confirms to us that the bullishness trading us up and into the area of interest, the fractal correction has essentially finished and the next bull run going on to trade us lower is ready.
I will be waiting now for the short opportunities, with price being so close to the area of interest there is no point looking to take this market long unless price does trade us right the way down and into the last sell to buy region.
As always its important we are waiting for entry confirmation, in this case it would be price trading us up and into the zone and then breaking structure fractally to the downside.
This confirms to us that the bullishness trading us up and into the area of interest, the fractal correction has essentially finished and the next bull run going on to trade us lower is ready.
I will be waiting now for the short opportunities, with price being so close to the area of interest there is no point looking to take this market long unless price does trade us right the way down and into the last sell to buy region.
Penafian
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