Eddie3026

GBP/USD sell continuation potential

Corto
FX:GBPUSD   Libra esterlina/Dólar estadounidense
Daily: Bearish, price has broken structure twice forming large momentum sell candles that may need closing.

4H: price is bearish and broken structure forming a new 4H swing range. price is yet to pull back, ideally closing the 4H IMB, which would bring price back to the premium and past the 50% level.

1H: price is Bearish breaking 1H structure, price has yet to close the IMB but is very bearish, both on structure and EMA's.

Assessment: place alerts towards the 4H IMB, and also the SL to catch the drop towards legacy structure support.

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