Hello traders,
I just wanted to share an updated chart as the price has moved lower, so we now have another zone of interest.
Like I always say, we always follow the trend direction (bearish). We don't try and guess the change in direction. So we look at our last known swing high with and order block for a possible entry point to continue the trend.
I have marked out the zone for you, wait for it to come back and retest it. watch for rejection, a candle stick pattern, change its direction, divergence, being oversold at the location, or at the end of a A,B,C pattern. Just simply add some sort of confluence to your trade and if it meets your criteria, then enter.
On the other hand if it does push through the resistance order block then it looks like the GBP is gearing up for a bullish move but we cant predict that. we have to wait until it happens and then find are entry points in the new direction.
Please like this post and follow my page for more free ideas.
#getonboard
I just wanted to share an updated chart as the price has moved lower, so we now have another zone of interest.
Like I always say, we always follow the trend direction (bearish). We don't try and guess the change in direction. So we look at our last known swing high with and order block for a possible entry point to continue the trend.
I have marked out the zone for you, wait for it to come back and retest it. watch for rejection, a candle stick pattern, change its direction, divergence, being oversold at the location, or at the end of a A,B,C pattern. Just simply add some sort of confluence to your trade and if it meets your criteria, then enter.
On the other hand if it does push through the resistance order block then it looks like the GBP is gearing up for a bullish move but we cant predict that. we have to wait until it happens and then find are entry points in the new direction.
Please like this post and follow my page for more free ideas.
#getonboard
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.