GBPUSD – Nice Sell Setup waiting for Break
Updated
Over the last few weeks, GBPUSD correctively and slowly move to the upside while approaching the sell area of TF structure. In addition, it the process, it also form a reversal Rising Wedge Pattern.
Yesterday, finally, GBPUSD gor rejected impulsively from the high value area (top of multi TF structure) that I have marked from a long time.
Now, the price is forming a small bearish continuation flag in H1 TF. Its not the clearest structure that we can see, but it still visible in my opinion. I’m waiting for the break of this flag structure to confirm a further move to the downside.
Lets see how will this pair play out. Good Luck
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Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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Yesterday, finally, GBPUSD gor rejected impulsively from the high value area (top of multi TF structure) that I have marked from a long time.
Now, the price is forming a small bearish continuation flag in H1 TF. Its not the clearest structure that we can see, but it still visible in my opinion. I’m waiting for the break of this flag structure to confirm a further move to the downside.
Lets see how will this pair play out. Good Luck
__________________________________________________________________________________________________________________________________________________________________
Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
__________________________________________________________________________________________________________________________________________________________________
Note
Trade Active with the flag structure become steeper..Trade closed: stop reached
Sl -1% hitted. Looks like it still not ready to go and still need further development..
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