GBPUSD Swing Trade Idea
Using the 3W timeframe.
1.GBPUSD is in a bearish trend
2. I am looking for Sells (LH)
3.Current trend is Pro-Trend (>Using Daily timeframe)
Price on the 3W timeframe has tapped and rejected on my Fib entries, this indicates a possible structure re alignment on this timeframe. But the confirmed setup will take time to form.
Therefore: using the daily timeframe, i can confirm that GBPUSD is in a bearish trend, price has recently tapped just below a liquidity area. No stable LL has been formed yet so, i will wait for a clear LL to be formed then apply the same method:
Identify the last BOS, followed by the last LH and the recent LL, apply Fib to get the ideal discounted entry price for shorts.
Patience can be rewarding.
GBPUSD
1.GBPUSD is in a bearish trend
2. I am looking for Sells (LH)
3.Current trend is Pro-Trend (>Using Daily timeframe)
Price on the 3W timeframe has tapped and rejected on my Fib entries, this indicates a possible structure re alignment on this timeframe. But the confirmed setup will take time to form.
Therefore: using the daily timeframe, i can confirm that GBPUSD is in a bearish trend, price has recently tapped just below a liquidity area. No stable LL has been formed yet so, i will wait for a clear LL to be formed then apply the same method:
Identify the last BOS, followed by the last LH and the recent LL, apply Fib to get the ideal discounted entry price for shorts.
Patience can be rewarding.
GBPUSD 
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