GBPUSD expected sell on supply zone on the daily timeframe

DAILY TIMEFRAME..
Pair is creating a series of LHs and LLs, after a Break of Structure (BOS) the pair created another LL and has pushed back up.
There are key areas that we are expecting price to react and make a reversal. The 2 areas are supply zones as shown on the image.
Pair is now at a potential sell zone(first one), there are 2 Order Blocks (OBs) present and we just wait to see where price will react from and give us enough sell momentum.
Once we recognize sell momentum from any of the 2 two key areas we will be selling the pair with a 1:2 RR but l we expect it to drop and create a new LL


If you liked this trade idea, please support my work with a thumbs up and don’t forget to follow my profile for more ideas!

Trade safe and responsibly,
Solospike Trading

DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose

評論: