Setting a trigger for Sell on GbpUsd
first have a look at the long term trend :
it's been shown that a big long term uptrend has been broken with a nice double-top pattern, then after breaking the neckline, it's pull-backing to the broken support, and it's expected that the broken support act as a good resistance, so we can have a good Sell zone there
in short term trend we have a channel which shows acting price between two parallel line, but "RD+" shows that the price can't break the support directly so it's expected that we will have a pull back to the shown Sell zone then have a short position with a reliable trigger.
if this scenario happen the expected TP will be the "Blue zone" with a small SL which is upper than 1.30000 resistance (after breaking the trigger)
it's been shown that a big long term uptrend has been broken with a nice double-top pattern, then after breaking the neckline, it's pull-backing to the broken support, and it's expected that the broken support act as a good resistance, so we can have a good Sell zone there
in short term trend we have a channel which shows acting price between two parallel line, but "RD+" shows that the price can't break the support directly so it's expected that we will have a pull back to the shown Sell zone then have a short position with a reliable trigger.
if this scenario happen the expected TP will be the "Blue zone" with a small SL which is upper than 1.30000 resistance (after breaking the trigger)
Feragatname
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