GBPUSD TRADE IDEA

6 Agu 2023

I've been looking at this chart for a while now anticipating a possible short term reversal. on the chart we can see that price took sellside liquidity before breaking structure to the upside. I would like an entry around a rejection at the breaker block indicated on the chart. Another good possible entry would be the 62% fib retracement, but I have my doubts about price dropping that far. anyways I would like an entry if I get confirmation around those two levels. and my target would be the buyside liquidity resting between the -50% and -100% fib levels. let me know what you think about this idea, or any other thing I might be missing.