SELL!!! GBPUSD HAS HAD A REJECTION IN THE DAILY INTEREST ZONE
Updated
HELLO TRADERS I WISH YOU A SUCCESSFUL WEEK, GBPUSD IS THE FIRST PAIR I AM INTERESTED IN SELLING FOR THIS WEEK.
TECHNICAL ANALYSIS
CONFLUENCES FOR SELLING AT THIS MOMENT
1.- weekly time frame bearish
2.- daily time frame bearish
3.- 4-hour time frame bearish
4.- rejection of the last daily structure point
5.- rejection of the daily interest zone
6.- daily rejection candle
7.- we are at the last point of the 4 Hr structure
Why do I like it?
The weekly time frame is bearish, the daily time frame is still bearish and the 4-hour time frame is bearish, which gives me a total of 3 time frames in tune, so the most logical thing is to look for sales.
The price has rejected the previous daily lowest low (note the lowest low from October 16 to 21), and in turn it is a weekly and daily interest zone that has been rejected repeatedly in the past.
There is a daily rejection candle (look at the bearish candle of October 25th).
The price is retesting the lowest low of the 4-hour time frame.
If you like my idea, follow me and give me a thumbs up!!! I will respond to suggestions and comments.
TECHNICAL ANALYSIS
CONFLUENCES FOR SELLING AT THIS MOMENT
1.- weekly time frame bearish
2.- daily time frame bearish
3.- 4-hour time frame bearish
4.- rejection of the last daily structure point
5.- rejection of the daily interest zone
6.- daily rejection candle
7.- we are at the last point of the 4 Hr structure
Why do I like it?
The weekly time frame is bearish, the daily time frame is still bearish and the 4-hour time frame is bearish, which gives me a total of 3 time frames in tune, so the most logical thing is to look for sales.
The price has rejected the previous daily lowest low (note the lowest low from October 16 to 21), and in turn it is a weekly and daily interest zone that has been rejected repeatedly in the past.
There is a daily rejection candle (look at the bearish candle of October 25th).
The price is retesting the lowest low of the 4-hour time frame.
If you like my idea, follow me and give me a thumbs up!!! I will respond to suggestions and comments.
Trade active
I have made my entry to the GbpUsd pair
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.