Potential sell trade here on GbpUsd. Best scenario here would be to wait for a breakout of this triangle pattern. I'm personally looking for shorts.
Keeping it clean and simple.
Price has broken a strong support here on GU. Are we now going to see a retest here at this previous support?
Probably. Weekly is looking quite bearish for me.
Wish you a nice trading week people.
Update on yesterdays idea. I got beautiful 50pips running. I got my entry on a 15min evening star at the NY session open.
Let's see if it can drop back to the 1.3600s zone.
I have here a potential sell on GU as price is going to reject the previous support where it also matches with Fibonacci.
I'm currently waiting for a confirmation to enter this trade.
Let me know what do you think?
How many of you guys use trendlines?
I only use them on the 4 hourly and it's crazy how the price can react to them. It can be such easy trades.
If you don't apply trendlines to your trading, I would recommend you to do so.
comment down below what you think.