Hello everyone, here we have a very good sell setup on the pound dollar. We can see that price has broken the ascending channel, and has formed an ABC flat and it appears that it will break down any time now. Also we have MA crossover which is a lagging indicator and can be used as a confirmation of trend. However i must say that be careful with the gbp pairs this coming week. My plan is to move stops when in profit and perhaps run this till the end of the coming week since there is a chance that this pair might just go to floor
Trade active:
Trade active
Comment:
Possible count. Break to the top will change the structure, As long as no new high is formed this will be considered a bearish triangle
Comment:
Trade closed: stop reached
