Businesswithernie
Short

GBPUSD SELL - Trade Outcome

FX:GBPUSD   British Pound / U.S. Dollar
Utilizing the IM Harmonic Scanner I was able to identify this trading set up. The market price and the RSI showed perfect divergence making it a valid signal. I then proceeded to my trading view chart and marked it up with my own analysis.

Confirmations:

DIRECTIONAL BIAS
- Distribution Schematic (Buy to Sell Scenario)
- The flow of the Market
- Divergence
- Harmonic Pattern

TARGET
- Equal lows (liquidity Pool)
- 79 - 88 Fib Margin

ENTRY
- Institutional Candle Present (50% FIB entry)

Comments

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