With price failing the 1.1570 level, GbpUsd have seen lower highs and lower lows indicating a market structure break. Potential downside is to 1.1150. Potential short entry at 1.1510.
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Price reached for the 1.1510 level that was anticipated for the short entry. 1.1420 is a crucial support level and if in the short, it would make sense to move trade to breakeven when the 1.1420 level is reached to help limit risk on the trade. If price trades above 1.1533, consider the trade unsuccessful.
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Just for in case our Fed gets sneaky, stop loss moved to breakeven..
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Tik-Tok 40mins Fed Interest rates. If we dont break 1.1420 we could expect the mid week low to be in.
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