GBP USD SCALP

Currently at supply area
Volume suggests heavy supply coming in
Market should go down to Demand area

AGAINST MAJOR TREND so quite risky

Kommentera:

Come to think of it, I think the 4 Hour upwards fibonacci will be retested around 1.2968

If this idea is valid, i will put my stoploss to break even once the demand area is reached and let the trade run
If prices reached above 1.3047, i will cut the loss short

Kommentera:

Bullish pennant just formed which is bad for our trade
But since i dont trade chart patterns, i will leave the trade be

Kommentera:

I was stopped out before my target was reached