GBPUSD is a confirmed selling market.I would sell if the resistance holds
A retest at 61.8% Fibonacci retracement level with a bearish confirmation would signify a sell on this descending channel. Support and resistance zones were confirmed too
A retest at 61.8% Fibonacci retracement level with a bearish confirmation would signify a sell on this descending channel. Support and resistance zones were confirmed too
Broke out of a rising channel,retested at the broken structure and forming an ABC. Fib retracement at 78.6%
We sell after the market retests the trendline and breaks the structure(support zone)
It broke the trendline,retested at the previous low and trendline so we short. Broke market structure,retraced to the previous support to create a resistance zone,we wait for a bearish confirmation candlestick then we sell
Broke out of the trendline,we wait for a correction which retested at the previous low and then we short. It also broke the market structure,we wait for retracement and a bearish confirmation candlestick then we sell.