GBPUSD SWING IDEA - SHORT
gbpusd just about forming a triple top
It has the potential to create a new range bound market
if so, a likely region to suggest profit level would be the major level of support
A lot of fundamentals occurring at the minute so technical analysis is difficult to predict where this may go, especially due to it being a major currency pair
Nothing I've entered yet, I'm waiting to see if there's any confirmation for a potential reversal such as a bearish engulfing candle on the daily timeframe.
It has the potential to create a new range bound market
if so, a likely region to suggest profit level would be the major level of support
A lot of fundamentals occurring at the minute so technical analysis is difficult to predict where this may go, especially due to it being a major currency pair
Nothing I've entered yet, I'm waiting to see if there's any confirmation for a potential reversal such as a bearish engulfing candle on the daily timeframe.
Note
Currently running 60 pips profit 🔥Note
Yesterday’s candle closed as an evening star too, suggesting further more that a reversal is more likely
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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.