trend continuation trade on pound dollar

hey traders,
on pound dollar we see little retracement after sharp bearish impulse.
as the market is in clear bear sentiment, we are looking for opportunities to follow the trend.
Looking left we can identify levels of structure where the bear pressure will most likely come into play.
Adding fib retracement on different legs we can narrow our potential reversal zone.
Stops go above the previous level of structure.
Target is based on the low.

Yorum:

Market reversed lower not hitting our reversal zone