GBPUSD looking for a sell setup.

FX:GBPUSD   British Pound / U.S. Dollar
1593 31 125
The GBPUSD             is still in consolidation, now looking more down than up .
I will be selling on break and lower degree consolidation.
At this point an am expected to tell you the the GBP is weak because of this or that and i am expecting this person to say bla bla and that some fundamental indication is showing ;;;;;;; because the Chinese stock market is going crazy and the USD is bla bla ... well guess what , I DON'T KNOW A THING ABOUT ALL THOSE STUFF and I doubt anyone here knows.
I look at the charts for patterns that has a HIGH PROBABILITY of going one way or the other (based on past studies) and if it does that I take the trade with a good Risk management.

Like if you agree.
Training : add to skype mangal457
If this breaks, what is your profit target? By the way, great chart! You always do great work.
If we get that break of 1.5460's then il wait for a pull back into structure and short this down to at least 1.5350's

Good work Anilmangal
anilmangal SmartTradingFX
yes ,but we in the trading room already sold the break of 15 min bear flag inside the consolidation .
+2 Reply
anilmangal SmartTradingFX
don't forget to click the thumbs up if you agree with the idea.
+1 Reply
PMI in few mins.
Anil, how was the yellow color upper trendline resistance is plotted. In my chart when I plot it like yours, it goes through waves, instead of connecting high or low points. Any tips?
fxmillions fxmillions
Btw, I have a long bias according to my analysis on the Daily. Any thoughts?
+1 Reply
I like the way your thinking Anil.
+1 Reply
anilmangal sag.deconinck
Thank you .
+1 Reply
It always great to see other strategies and then to compare. Sharing ideas is great in this lonely traders life.
+2 Reply
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