Hello Everyone!
How are you all?
GbpUsd is a pair to watch this week, because it is shaping up very nicely for a bearish trend reversal that we can capitalize on.
So, I will be looking for a bearish reversal because of the following reasons:
1. On the HTF, the price come to the VA.
2. The price has formed a reversal structure.
3. The price has approached the value area structurally.
Game Plan:
If the price rejects at the VA and makes a bearish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
How are you all?
GbpUsd is a pair to watch this week, because it is shaping up very nicely for a bearish trend reversal that we can capitalize on.
So, I will be looking for a bearish reversal because of the following reasons:
1. On the HTF, the price come to the VA.
2. The price has formed a reversal structure.
3. The price has approached the value area structurally.
Game Plan:
If the price rejects at the VA and makes a bearish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
Related publications
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.
Related publications
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.