Also looking at GBPUSD for bearish continuation sell.
We see price has made a clean bearish impulse down from the lower time frame ascending channel, and price begin to consolidate.
On the LTF there is a channel like structure forming, and this can be the continuation correction that I am waiting for to push the price out of the the HTF ascending channel structure.
Wait for any bearish impulse follow by LTF continuation correction to get in the sell.
Once we see price confirmed breakout of the HTF ascending channel structure, then expect further bearish correction to form and push the price lower.
Nice analysis thanks for sharing. But no bearish signals for me just yet.
With the bull break of the daily inside bar I see an IH&S forming.
So i'm buying at 1.38663. SL on 1.378 TP at 1.414
With the bull break of the daily inside bar I see an IH&S forming.
So i'm buying at 1.38663. SL on 1.378 TP at 1.414