GBPUSD short correction on weekly trend
Pounds/Aussie is on a correction and C wave is about to end on our corrective structure.
A sell once we complete the structure is possible.
Personally i don't sell once we touch the top. I would let it fall first, look for a pullback then sell.
If you are not advanced enough you can simply short it once we tag the top.
Set your first TP at +250 pips and then move your stop losses. There is a good chance this can go down and keep falling for a lot more pips.
Once we get there, we will review this.
A sell once we complete the structure is possible.
Personally i don't sell once we touch the top. I would let it fall first, look for a pullback then sell.
If you are not advanced enough you can simply short it once we tag the top.
Set your first TP at +250 pips and then move your stop losses. There is a good chance this can go down and keep falling for a lot more pips.
Once we get there, we will review this.
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.