Looking to SELL GBPUSD in SELL AREA and to close position in TP AREA. (30+ pips)
- Enter sell on reversal candle
- Do not enter if price breaks through sell area and closes above strong with no clear signs of reversal
it looks like pound aussie turns bearish .
on a daily, the market is currently attempting to break below the flag pattern and 1.815 key structure support level.
in case of a confirmed breakout, there will be a high chance to see the stong bearish movement to retest the market low.
Target levels for us will...
First of all - waiting for a daily close is essential on this trade.
If price closes up as a bearish pin bar on the daily, we are in for a smooth ride towards 70.750.
Trade safe, manage risk, good luck.