Sell, GBPUSD 1.40000 Rejection. Reversal before long.
First-time publishing, South African, been trading for a few years. Please like, share, and follow.
Daily - Double Top formation at key level 1.40000, rejection.
4hr - Shooting star candlestick - this is most effective when formed after a series of 3 or more consecutive rising candles with Higher Highs are formed which is a strong confirmation for a reversal.
1hr - Candle rejection at 1.40000, closed bearish and below previous candle.
Current Sell at 1.3950. SL secured. Trailing stop.
Sell Stop set at 1.39800 and TP will be 1.39350.
Daily - Double Top formation at key level 1.40000, rejection.
4hr - Shooting star candlestick - this is most effective when formed after a series of 3 or more consecutive rising candles with Higher Highs are formed which is a strong confirmation for a reversal.
1hr - Candle rejection at 1.40000, closed bearish and below previous candle.
Current Sell at 1.3950. SL secured. Trailing stop.
Sell Stop set at 1.39800 and TP will be 1.39350.