jojofang0901

GBPUSD Near top of structure, look for sell setups

Short
jojofang0901 Updated   
OANDA:GBPUSD   British Pound / U.S. Dollar
Hi everyone:

From previous outlook on GBPUSD, I was expecting the price to get push up to the daily double tops area.

When we look at the higher time frame, we see price broke above that double top, and very close to the top of this larger structure.

What is important is what the price action will be, and what kind of structures are we going to see from the market.

I like how the lower time frame has an ascending channel, pushing the price up toward the top of the structure.

I do want to see a confirmed sell impulse in the market, follow by a continuation correction to go for short down.

Thank you
Comment:
Comment:
Look for this breakout and a continuation correction to enter.


I will NEVER message you to Sell Anything/Service For $.
100% Free Educational Trading Content.
NO Telegram, Discord, Whatsapp & Facebook.
Be Careful of Scammers, Impersonators/Fakers of ME on Those Platforms.
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.