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TheSignalyst
Nov 21, 2020 5:55 PM

GBPUSD Sell Setup! Short

British Pound/U.S. DollarFXCM

Description

Hello everyone, if you like the idea, do not forget to support with a like and follow.

on DAILY: GBPUSD is sitting around a strong resistance/supply in green so we will be looking for sell setups on lower timeframes.

on H1: GBPUSD is forming an ascending triangle in red, but it is not valid yet, so we will be waiting for a third swing to form around our lower red trendline to consider it valid and sell on its break downward.

Trigger: Waiting for a momentum candle close below the gray area to sell.

NB: Until the sell is activated, this one would be overall bullish.

Good luck!
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