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cvfxwealth
Nov 30, 2020 4:32 AM

GBPUSD Top Channel Rejection - Sell Signal Short

British Pound/U.S. DollarFXCM

Description

GBPUSD is in an upwards channel with resistance holding. This area has held and price has been rejected with a strong bear candle.

Look to sell downwards to the bottom of the channel.

Entry & exits in chart.

Good luck and let me know if I can help in any way.

Charles V
CVFX Management
Trading made Simple

Comment

USD pairs seem to be volatile or consolidating. I advise to take profit ranges of 30-50 when you can.
Comments
labelhimcoreon_
MT4 - M3O Time Frame ( Sold GBPUSD entry @ 1.33356)
cvfxwealth
@labelhimcoreon_, Great entry as we are at the resistance area.
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