Sell opportunity on the GBPUSD?
The GBPUSD is testing the previous high on the weekly time-frame. Is this enough confirmation to sell the pair? The answer is no.
However when we drop down to the 4hr time-frame we can spot the break of structure to the preceding uptrend. Combine this with the rejection off the previous high on the weekly time-frame, it becomes enough confirmations for me to enter in for a sell trade.
What is left is to be patient for the market to pull back on the 4hr time-frame to my preferred sell zone and that will be my entry for a swing sell trade to the previous low or the last demand zone.
However when we drop down to the 4hr time-frame we can spot the break of structure to the preceding uptrend. Combine this with the rejection off the previous high on the weekly time-frame, it becomes enough confirmations for me to enter in for a sell trade.
What is left is to be patient for the market to pull back on the 4hr time-frame to my preferred sell zone and that will be my entry for a swing sell trade to the previous low or the last demand zone.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.