possible sell setup on GBPUSD
i will be going short on this candle
reasons are obvious... we have a daily resistance zone
double top formation and supply formation
i expect price to spike up before going down if it does that then we can say we have a change of trend
but right now we are still bullish in a long run and price might break the resistance but not before giving us a retracement
my TP 1 is the retracement zone
stay active incase this setup is invalid
reasons are obvious... we have a daily resistance zone
double top formation and supply formation
i expect price to spike up before going down if it does that then we can say we have a change of trend
but right now we are still bullish in a long run and price might break the resistance but not before giving us a retracement
my TP 1 is the retracement zone
stay active incase this setup is invalid
Order cancelled
invalidated...we wait for another entry
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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.