possible sell setup on GBPUSD
although price is in a bit of a range on the 15 minutes timeframe
reasons for this trade
AO made divergence (bearish) on the 15 minutes
this is a supply zone of the H4
price made a supply formation on the H1 and has refused to break and close above the supply candle
on the 15 minutes timeframe price seems to be struggling between a supply and demand zone making it a range
the upper supply zone is not too visible but the formation is around 1.20455
so before you enter this trade make sure no bullish candle closes above 1.20455 on the 15 minutes timeframe
reasons for this trade
AO made divergence (bearish) on the 15 minutes
this is a supply zone of the H4
price made a supply formation on the H1 and has refused to break and close above the supply candle
on the 15 minutes timeframe price seems to be struggling between a supply and demand zone making it a range
the upper supply zone is not too visible but the formation is around 1.20455
so before you enter this trade make sure no bullish candle closes above 1.20455 on the 15 minutes timeframe
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.