Fxprotrader
Short

GBPUSD@High Probability Sell Zone

FX:GBPUSD   British Pound / U.S. Dollar
After a sharp impulsive leg price is into a corrective mode. In the chart price looks like is entering a high probability sell zone.

Reasons:
- Point (C) is at 0.786 of the impulsive leg and 1.27 of the XA leg.
- XA = BC            
- At (C) point we find strong resistance from previous structure
- Overall trend is down

*This is my first idea in tradingview. I hope i'll enjoy my time in the community, meet good traders and share interesting setups. All comments are welcome!
great setup!!
+1 Reply
Fxprotrader tupaitrader
Thank you tupaitrader!
Reply
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