GBPUSD

Nov 5

clear Break of Structure (BoS) to the downside, signaling a shift in market sentiment from bullish to bearish. This break indicates that sellers are gaining control and a downtrend is likely to continue. Additionally, the price has moved into a zone of imbalance, an area where previous price action was inefficient, creating a pullback for mitigation. Now that the imbalance has been filled or mitigated, the market is primed to resume its bearish trend, presenting an ideal opportunity to enter a sell position. This combination of the BoS and the completion of imbalance mitigation supports the decision to go short on GBP/USD