GBP long scalp, potential for swing, but monthly looks terrible.

Typically we see a bounce around here if we are showing signs of a large monthly wick with still some time left in the month. Technically we have signs of a bounce showing on the 1 hour as well.

I have two entries, with tighter and wider stops and targets respectively. A likely play for the month of May will be GBP short.

The tight stop (white) has a risk of 0.5% and the wide stop (red) has a risk of 1%