GBPUSD - Wait For It!

FX:GBPUSD   British Pound / U.S. Dollar
Hello everyone, if you like the idea, do not forget to support with a like and follow.

on WEEKLY: GBPUSD is sitting around a strong resistance in green so we will be looking for sell setups on lower timeframes.

on H4: GBPUSD is forming a wedge pattern in blue but it is not valid yet so now we are waiting for a third swing to form around it to consider it valid.

Trigger: Waiting for a momentum candle close below the gray area to sell.

and until the sell is activated, this one would be overall bullish and can still trade higher.

As price approaches our lower brown trendline, we will be looking for buy setups.

Good luck!
This analysis is done using RichTL indicator

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+2 Reply
TheSignalyst elsacatherine007
@elsacatherine007 thank you Elsa
+2 Reply
@hafiz777 long term sell 😁
hafiz777 hafiz777
@TheSignalyst 🤣🤣
sakatrd hafiz777
@TheSignalyst how long ?
Nice sell setup
+2 Reply
@AKFXT thank you so much
thank you bro
+1 Reply
TheSignalyst ahmadawada
@ahmadawada thank you bro
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