globalfxkingz
Short

GBP/USD SELL OPPORTUNITY

OANDA:GBPUSD   British Pound / U.S. Dollar
as we can see on the GBP/USD chart, that the market had been in an overall descending market for a long period now. this market was previously trending within a sideways channel and has been having small short term movements between them. as of now, we can see that the market has broken past a previous support level and now has tested back at the level with accessive long wicked candles, which is a very strong sign of price being rejected in a certain area. so right now we are looking for price to reject further and move momentum into the downside areas. also due to this type of pattern, there is also a degree of uncertainty because of the candle spikes, so always wait for confirmation candles and proper confirmation before entering.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out