GBPUSD - Short Trade Forecast 💡
Hello Traders!
The current market structure on the daily timeframe indicates a bearish trend, suggesting a potential for short positions. I anticipate the price will extend its retracement upwards to address the existing imbalance.
My strategy involves waiting for the price to reach and then rejecting the bearish order block, particularly around the institutional midpoint of 1.26500.
The current market structure on the daily timeframe indicates a bearish trend, suggesting a potential for short positions. I anticipate the price will extend its retracement upwards to address the existing imbalance.
My strategy involves waiting for the price to reach and then rejecting the bearish order block, particularly around the institutional midpoint of 1.26500.
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