OceanBlue
Short

GBPUSD SELL SETUP H4/DAILY

FX_IDC:GBPUSD   BRITISH POUND / U.S. DOLLAR
FX_IDC:GBPUSD             shaped the bearish wolfewave which appears to be a good opportunity for sell entry with high profit/loss risk ratio even at conservative TP1. RSI divergence and rising volume at point 5 are confirming the peak formation. Opened 4 shorts at 1.305x/6x with SL 1.3141 and TP1 at 2-4 line crossing / TP2 at 1.2643

Tomorrow will be an interesting day as GB* CPI/PPI data along with BOE governor's speech can add momentum to the pair.

Trade active: After forming double top, the Pound started its (pretty choppy) descend. 4 positions were closed with good profit on the way with only 2 remaining at the present moment. Currently the wave keeps moving South and is preparing to test line 2-4. It is possible that after its breakthrough, the price will form another minor bearish setup allowing to add more short positions.

snapshot
Trade active: Similar to AUDJPY, this pair is also shaping another bearish minor WW inside the major pattern which can provide a good sell entry point.

snapshot
Trade closed manually: Positions were closed during the retest of point 5 of major pattern as yellow wave didn't work out.
great setup ^^
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OceanBlue DianKemala
Thank you! :-)
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