- Bearish price structure on the H1 timeframe. Price is pushing down from the first HL after a break of structure and down to create the first LL of the downtrend.
- Major support was broken and price rose up to retest new resistance
- MA's are bearish on M15 / H1 timeframes
- Bearish engulfing on the H1 candlestick just occurred at the same time minor support was broken
- GBP pairs are looking very weak
- Decent risk reward if being held until TP 2. Riskier trade compared to getting in a short at the rejection of the 38.2 PRZ
- Major support was broken and price rose up to retest new resistance
- MA's are bearish on M15 / H1 timeframes
- Bearish engulfing on the H1 candlestick just occurred at the same time minor support was broken
- GBP pairs are looking very weak
- Decent risk reward if being held until TP 2. Riskier trade compared to getting in a short at the rejection of the 38.2 PRZ
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