GBP/USD, Sell Limit continuation update
Daily: Price has moved down with large momentum forming small structured moves to the downside.
4H: price has a large range to work within currently, forming a CHoCH but not reversed in CHoCH to show the pull back has been completed.
Target will be past structure level, 1.22948
Assessment: the last supply zone is situated on the 50% Fib level and passes imbalance to reach.
Sell Limit will be placed at this level to catch the potential pull back.
Update: Price has move lower forming new structure and supply zone, Sell Limit has been placed on new supply zone with the same profit targets.
4H: price has a large range to work within currently, forming a CHoCH but not reversed in CHoCH to show the pull back has been completed.
Target will be past structure level, 1.22948
Assessment: the last supply zone is situated on the 50% Fib level and passes imbalance to reach.
Sell Limit will be placed at this level to catch the potential pull back.
Update: Price has move lower forming new structure and supply zone, Sell Limit has been placed on new supply zone with the same profit targets.
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