Long

where to buy pound dollar ?

Updated

hey traders,

pound dollar has recently approached a decent level of resistance,
and now we see a subsequent bearish movement.
the market trails in a falling parallel channel called the flag pattern.

as for me, the market sentiment is still bearish,
and we can still anticipate at least a retest of the recent higher high,
the only thing is required - a good entry.

as an entry, I suggest you use a combination of structure and bearish abcd patter.
we see how the D point (completion point of abcd pattern) perfectly matches with structure.

for you, I underlined a zone, where I will be looking for entries.

however, I will be looking for confirmation signals, as the market enters this zone,
so don't rush!

good luck!

Note

entering the zone

VasilyTrader

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