Hello Everyone!
How are you all?
GbpUsd is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a bearish continuation because of the following reasons:
1. The overall trend structure is bearish.
2. The price has been making series of sell impulses.
3. The price is potentially forming a sell continuation pattern.
Game Plan:
If the price completes the pattern with two highs and lows in form of a flag,
Entry : will look for a risk sell entry within the flag.
How are you all?
GbpUsd is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a bearish continuation because of the following reasons:
1. The overall trend structure is bearish.
2. The price has been making series of sell impulses.
3. The price is potentially forming a sell continuation pattern.
Game Plan:
If the price completes the pattern with two highs and lows in form of a flag,
Entry : will look for a risk sell entry within the flag.
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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.
Related publications
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.