GBPUSD Look for sell setup from the top of structure Short

GBP/USDOANDA

Description

⋅ Nov 12, 2020 4:07 AM

Hi everyone:

GBPUSD is shaping up to be a good sell from the top of its current structure.

When we look at the overall price action, from the top we see price impulse down aggressively, then begin a large, deeper correctional structure.

Latest price action we see price gets push up correctively within an ascending channel, good sign of a reversal price action structure.

LTF had its first bearish move, then formed a continuation correction.

Look to get in on this sell entry down to the lows of the HTF structure.

Thank you

Comment

⋅ Nov 12, 2020 4:07 AM

HTF:

Comment

⋅ Nov 17, 2020 4:28 PM

Waiting for this correction to complete.

Comments

Sadovoy_Trade

⋅ Nov 12, 2020 6:32 PM

👍

jojofang0901

⋅ Nov 12, 2020 8:29 PM

@Sadovoy_Trade, :)

KlejdiCuni

⋅ Nov 12, 2020 8:42 AM

I love this kind of analysis!
Agree with you as USD is getting stronger even in other currency pairs and it fits very nice with the resistance line that your had on your chart. Thank you for sharing!

jojofang0901

⋅ Nov 12, 2020 8:29 PM

@KlejdiCuni, thx you :)

Fisher_Fx

⋅ Nov 12, 2020 4:28 AM

good job bro, have the same view as you. thanks

jojofang0901

⋅ Nov 12, 2020 8:29 PM

@Fisher_Fx, nice to hear that