Current View of GBPUSD with posible rejection points identified along with pip measurements. Price appears to be making it's way back towards this bearish trend channel. Enjoy !
For those that Trade this pair I have identified here a 4 year respected trend. Hopefully this view helps someone catch those pips. Be blessed
Here are my zones for zone trading. If price breaks structure i will adjust accordingly. The black lines outside of my zones represent minor rejection points indicated by Fibonacci. Hopefully this helps someone catch some pips today.
Only entering when price breaks my zones. Trades will only run zone to zone. Zones cover any area where price pinballed.
Here is an explanation on how to understand and identify an ENGULFING CANDLE.
Here is an explanation on how to trade on an Inside Candle pattern.
This publish is for beginners looking to understand the importance of candlesticks.