One of my favorite patterns are about to compleate on GBPUSD and this would provide good sell opportunity.
After an uptrend, the price post impulsive counter move which violate the EMA50. In order to be complete,
the price need to break the last support level around 1.2200 with at least 2 candles. If this happenes I`ll put a
sell order on the same level. The stop loss is couple of pips above last swing around 1.2249 and the target is
between 1.2045 and major resistance level 1.2013
Comment:
Support level 1.2200 has been violated and now I expect to trigger impulsive move downwords after retest of it
Trade closed: target reached:
Target successfuly reached :)