Possible Reversal On GBPUSD
Hello folks, what do you think about GBPUSD?
I am anticipating price to dig down heavily after the pullback (area of value) is complete.
My analysis is based on two tfm: D1 and the 4hr tfm.
* Open your chart on the D1 tfm, most recent candle went all the way up to our main area of value (Supply zone) and got rejected forming a clear pinbar candle pattern which give a reversal signal.
* Same or similar pinbar candle pattern happen on the 4hr tfm.
* On the 4hr chart, there a breakout on our trendline, and now we are only wait8ng patiently on a pullback and sell the market.
Again, I can only trust my analysis, but one thing for sure... trading is a probability game and the market can do anything it like.
Much love
I am anticipating price to dig down heavily after the pullback (area of value) is complete.
My analysis is based on two tfm: D1 and the 4hr tfm.
* Open your chart on the D1 tfm, most recent candle went all the way up to our main area of value (Supply zone) and got rejected forming a clear pinbar candle pattern which give a reversal signal.
* Same or similar pinbar candle pattern happen on the 4hr tfm.
* On the 4hr chart, there a breakout on our trendline, and now we are only wait8ng patiently on a pullback and sell the market.
Again, I can only trust my analysis, but one thing for sure... trading is a probability game and the market can do anything it like.
Much love
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