Downloading...

GBPUSD 4h: a short structure-based trade

152
New lower low, waiting for retest of previous low.
Sell at confluence with 50% fibonacci retracement of the last swing low.

T1 at structure (blue dotted line) which is 1.27 fibonacci extension of the last swing low as well.
T2 at 61.8% retracement of the main swing high in this chart

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.