USD/GBP bearish on 1 day and 1-week timeframe with the EMA crossing and sticking below the Simple moving average on both timeframes
4H timeframe shows resistance around the 1.2190 region along with the upwards trend line with 2 rejections. Waiting for the 3rd rejection and the bounce off the trend line before I place a order
- Entry around the 1.2180 region
- SL above the resistance of 1.2190 at around 1.2210
- TP below the trend line in preparation for the breakout on the downside
Order cancelled:
Didn't take the trade due to no 3rd bounce off the trendline and the break of the 1.2190 region