moa_trading_journal

GBPUSD – Nice Sell Setup waiting for Break

Short
FX:GBPUSD   British Pound / U.S. Dollar
Over the last few weeks, GBPUSD correctively and slowly move to the upside while approaching the sell area of TF structure. In addition, it the process, it also form a reversal Rising Wedge Pattern.

Yesterday, finally, GBPUSD gor rejected impulsively from the high value area (top of multi TF structure) that I have marked from a long time.

Now, the price is forming a small bearish continuation flag in H1 TF. Its not the clearest structure that we can see, but it still visible in my opinion. I’m waiting for the break of this flag structure to confirm a further move to the downside.

Lets see how will this pair play out. Good Luck


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Here is the MOA FX technical analysis , please comment below if you have any question.

The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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Comment: Trade Active with the flag structure become steeper..
Trade closed: stop reached: Sl -1% hitted. Looks like it still not ready to go and still need further development..

Comments

I'm bullish, hope you are wrong 🙂
But wish you good luck mate . thanks for sharing
Reply
moa_trading_journal Dave-FX-Hunter
@Dave-FX-Hunter, My entry hast got triggered yet, because i set a stop entry. If this still want to continue to the upside, then fine by me too. Thanks for the feedback..Wish u luck too mate,..
Reply