Selling opportunity for GBPUSD!
Based on the chart, price reached a resistance area that I previously considered for bigger timeframe and the reaction of price to this area is visible.
So I considered this rejection of price and making new lower lows as changing the trend to bearish (in 15min chart).
Also risk/reward of this opportunity is around 1/4 which is considerable and I prefer to try it. how ever please pay attention to the news (Durable goods orders) that can effect on the chart.
So I considered this rejection of price and making new lower lows as changing the trend to bearish (in 15min chart).
Also risk/reward of this opportunity is around 1/4 which is considerable and I prefer to try it. how ever please pay attention to the news (Durable goods orders) that can effect on the chart.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.