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GBPUSD Look for sell setup from the top of structure
British Pound / U.S. Dollar
Short
GBPUSD Look for sell setup from the top of structure
By jojofang0901
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Updated
Nov 12, 2020
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Nov 12, 2020
Hi everyone:
GBPUSD is shaping up to be a good sell from the top of its current structure.
When we look at the overall price action, from the top we see price impulse down aggressively, then begin a large, deeper correctional structure.
Latest price action we see price gets push up correctively within an ascending channel, good sign of a reversal price action structure.
LTF had its first bearish move, then formed a continuation correction.
Look to get in on this sell entry down to the lows of the HTF structure.
Thank you
Nov 12, 2020
Comment
HTF:
Nov 17, 2020
Comment
Waiting for this correction to complete.
Chart Patterns
Flag
Parallel Channel
pattern
priceaction
structure
Wedge
jojofang0901
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