EUR/GBP Short analysis
market is currently downtrend in higher timeframe. here market has broken the LL and form an new LL which indicates that market will further continue downtrend. so the idea for this trade is also to sell the market from a high interest area, from the picture you can see that after market formed new LL it shoot up to fill the imbalance price left open and broken several structures but never retested so, i am keeping those imbalance price as target if market played out with my analysis.
the trade idea originated when market after filled the extreme supply selloff heavily broken significant structures showing selling pressure so, i decided to look for short opportunity from there market after forming CHofCH left open an imbalance price where i am expecting market to retest and selloff heavily there was also a supply at the top of the move but i don't thing market will all the way up there to retest so, currently i am waiting for the market to retest my 30m supply then i will look for lower timeframe confirmation to enter in this trade.
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the trade idea originated when market after filled the extreme supply selloff heavily broken significant structures showing selling pressure so, i decided to look for short opportunity from there market after forming CHofCH left open an imbalance price where i am expecting market to retest and selloff heavily there was also a supply at the top of the move but i don't thing market will all the way up there to retest so, currently i am waiting for the market to retest my 30m supply then i will look for lower timeframe confirmation to enter in this trade.
i hope you like the analysis do follow me for more such analysis
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