Here is my sell trade idea for GBPUSD. I will be waiting for price to drop down to the base of the green candle that formed the top of the left shoulder. Once that happens, I am waiting for price to come back anywhere in the zone between the close and the top of the wick that formed the left shoulder.
Once the right shoulder is formed and price action gives me confirmation, I will then enter the sell position and set my Take Profit at the 0.618 fibonacci level that will give me 102 pips.
Once the right shoulder is formed and price action gives me confirmation, I will then enter the sell position and set my Take Profit at the 0.618 fibonacci level that will give me 102 pips.