GBPUSD bearish daily swing structure
gbpusd setting up hidden bearish divergence and forming lower high / lower lows on the daily chart indicates further downside movement ahead. on a 4hour chart can provide a smaller risk vs reward than waiting for a daily reversal to appear.
Plan A ) Sell limit the potential lower high "top" with a stop loss slighty above the previous swing high or the resistance trend line the sell is against.
Plan B ) use a 4hour chart to fine tune the entry somewhat using a rejection candlestick formation or a breakout setup etc
Plan A ) Sell limit the potential lower high "top" with a stop loss slighty above the previous swing high or the resistance trend line the sell is against.
Plan B ) use a 4hour chart to fine tune the entry somewhat using a rejection candlestick formation or a breakout setup etc
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.