GBPUSD sell set up in corrective structure

Hi guys,

this is a daily corrective structure and it's breaking on the 1D so look for a sell set up. There is lots of bear momentum within corrective structure, and the gap down today shows more bearish enthusiasm, meaning that shorting on the breakout of structure could be a good idea.

Thank you for your support.

Kommentera:

Price successfully broken out of corrective structure. Will price retest the structure before breakdown? Or will price immediately go to the lows? I guess we will soon all know.

Kommentera:

Nice continuation to downside, I expect a nice move to the bottom of the range, to the ABC 3 wave measure move target.