GBPUSD POTENTIAL SHORT OPPORTUNITY
Hello Everyone!
How are you all?
GbpUsd is a pair to watch the coming days and weeks, because it is shaping up very nicely for a bearish trend reversal that we can capitalize on.
So, I will be looking for a bullish continuation because of the following reasons:
1. Potential Double Top.
2. The price is approaching the value area structurally.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the High, and makes a bearish impulse followed by a flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
However, could look for a short term bullish move to the VA.
How are you all?
GbpUsd is a pair to watch the coming days and weeks, because it is shaping up very nicely for a bearish trend reversal that we can capitalize on.
So, I will be looking for a bullish continuation because of the following reasons:
1. Potential Double Top.
2. The price is approaching the value area structurally.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the High, and makes a bearish impulse followed by a flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
However, could look for a short term bullish move to the VA.
Note
Correction for the fourth paragraph:
So, I will be looking for a bearish reversal because of the following reasons:
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