GBPUSD Potential Sell Setup
Looking for shorts around 1.3933 with stops around 1.3997, targets @ 1.3845 & 1.37665
Reasons to consider this trade setup
=> Trade Setup has decent risk to reward ratio.
=> Day time frame close last week was bearish.
=> Price found sellers at weekly resistance level @ 1.3980
=> Short term selling makes sense since on hourly time we have chart pattern (rising wedge) breakout confirmation
Reasons to avoid this trade setup
=> Bullish Weekly candle close.
=> Price trend was bullish for 4 consecutive days last week indicating potential change in trend for short term.
Reasons to consider this trade setup
=> Trade Setup has decent risk to reward ratio.
=> Day time frame close last week was bearish.
=> Price found sellers at weekly resistance level @ 1.3980
=> Short term selling makes sense since on hourly time we have chart pattern (rising wedge) breakout confirmation
Reasons to avoid this trade setup
=> Bullish Weekly candle close.
=> Price trend was bullish for 4 consecutive days last week indicating potential change in trend for short term.
Catatan
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.