GBP/USD Sell options with continued draw down
Daily: Price is Bearish having made LH's and LL's. However, Price has reacted to the Daily Swing Low and showed wick rejection.
For a sell to be taken, Price must break though with momentum and a pull back.
1H: Two potential ways to attack this trade. Trade the break out and retest of the channel, Or a pullback to Premium(50%) for sell trade, also wait for a new LH to form.
For a sell to be taken, Price must break though with momentum and a pull back.
1H: Two potential ways to attack this trade. Trade the break out and retest of the channel, Or a pullback to Premium(50%) for sell trade, also wait for a new LH to form.