GBPUSD - SELL (H4)
Updated
GBPUSD went beyond the key level. Probable set-up: Continuous Sell.
To those that don't understand the chart:
Green Boxes: These are zones.
Light Blue Lines: Are light areas of support and resistance where consolidation or small pullbacks might occur.
Red Lines: Lines where reversals or pullbacks might occur. This is also an area where the previous retractions had occurred.
Green Lines: These are Key levels; If these levels are broken, possible sign of a continuation of the current trend or a violation of the trend.
These set-ups, however, are not to be considered a SURE win. There are still many ways for us to see the trend; trading is a subjective factor. This is only a trading plan and must be also reviewed yourself before trading it.
To those that don't understand the chart:
Green Boxes: These are zones.
Light Blue Lines: Are light areas of support and resistance where consolidation or small pullbacks might occur.
Red Lines: Lines where reversals or pullbacks might occur. This is also an area where the previous retractions had occurred.
Green Lines: These are Key levels; If these levels are broken, possible sign of a continuation of the current trend or a violation of the trend.
These set-ups, however, are not to be considered a SURE win. There are still many ways for us to see the trend; trading is a subjective factor. This is only a trading plan and must be also reviewed yourself before trading it.
Note
Price retested Key area: Trying its best to go back into the area. Suggestion: We wait and see. However, possible breakout through the strong support and turn it to resistance. We wait and be patient.Note
Extremely Beautiful. Now the trade is accepted as passed through the line and has continued down.
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