jojofang0901

GBPUSD Start of the next bearish run ?

Short
OANDA:GBPUSD   British Pound / U.S. Dollar

Hi traders:

Looking at GBPUSD for the next bearish run on the higher time frame.

Here on the intraday chart, after price dropped down from the top, we see a period of consolidation of price.

Few structure were formed to correct the overall down move, and latest price shows us some good reversal price action.

We see a recent double tops, and a reversal structure on the LTF to push the price down, good indication this can be the start of the next bearish move.

To be more safe, I would want to see price break of of this current channel like structure, and form continuation correction to get in the sell.

Thank you
Comment:
Comment: Still looking for a potential sell setup here.
Comment:
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Comments

I think it will test the lower trendline support. Thanks for sharing your idea 🐻‍❄️😃
+1 Reply
jojofang0901 PolarHusk
@PolarHusk, Yes :) and we can see if price will continue down more or reverse. Thx bud
Reply
Great chart!
+1 Reply
jojofang0901 KlejdiCuni
@KlejdiCuni, thank you, you as well :)
Reply
thanks for sharing! this is what I see on GBPUSD:
+1 Reply
@Saeed966, thanks for sharing your outlook :)
Reply
good job here
+1 Reply
jojofang0901 Alexander_Harford
Reply
nice chart! thanks dude 🦐
+1 Reply
jojofang0901 plancton0618
@plancton0618, your welcome.
Reply
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