We in the downtrend, but for me, i will just go for buying opportunity because gbpusd is have been downtrend for one year, but i just want to buy when the price is break above the trendline and pullback to test the support or the trendline.
In the chart above we can clearly see that we still in the downtrend, and we should just go for selling opportunity, there is a good area to sell, and that's when the price is near the resistance level, it could be the trendline and the line.
so this chart here is in uptrend, and the price is likely to go bullish again, u can just go buy and if the price break the resistance you can make a lot of money. but if its not break above the resistance, we gonna look for selling.
for me, i will look for selling here and wait the price to test the resistance, if the resistance break, i'm not take this trade.
So EURUSD looks like cant break the previous swing high and respect the trendline, we can just wait for the price to go near the upper trendline and then go short, you can short with candlestick confirmation like shooting star or bearish engulfing, or just go short, its up to you.
This is just an idea, i'm not saying you have to follow my idea.. Trade with your own risk
