Hello Everyone!
How are you all?
GbpUsd is still presenting a short opportunity that we can capitalize on this week, because it is shaping up very nicely for a bearish trend continuation .
So, I will be looking for a sell continuation because of the following reasons:
1. The overall trend is bearish.
2. The price has formed a continuation structure.
3. The price is approaching the value area.
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 15mins 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.
How are you all?
GbpUsd is still presenting a short opportunity that we can capitalize on this week, because it is shaping up very nicely for a bearish trend continuation .
So, I will be looking for a sell continuation because of the following reasons:
1. The overall trend is bearish.
2. The price has formed a continuation structure.
3. The price is approaching the value area.
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 15mins 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.
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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.
Related publications
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.