Shorting GBPUSD in line with UK yields
I'm shorting GBPUSD in line with the overall downtrend and declining UK yields.
Divergence was seen between the EURUSD and GBPUSD 5 Year yields (EU made higher high, GU not).
We are in the OTE zone of the current price range and drove into a 1H bearish order block (bullish candle before a significant down move).
Stop is placed 10 pips above the swing high, take profit is at the next bullish 1H order block, with a r/r of 1:4
Divergence was seen between the EURUSD and GBPUSD 5 Year yields (EU made higher high, GU not).
We are in the OTE zone of the current price range and drove into a 1H bearish order block (bullish candle before a significant down move).
Stop is placed 10 pips above the swing high, take profit is at the next bullish 1H order block, with a r/r of 1:4