GBPUSD Sell Schenario
Analysis :
Sell :
/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.
A bearish engulfing pattern has emerged at the bearish bat pattern potential reversal zone.
***This idea is only for educational purpose. Not a financial advice***
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- Price is inside a bullish regression channel,
- Bulls were rejected on both [Resistance zone and resistance line].
Sell :
- Wait for a bearish reversal confirmation,
- Wait for a rejection candle pattern to form e.g. bullish engulfing , pinbar , Insidebar etc,
- Initiate SELL order,
- Targets TP1 to TP3,
- SL above our resistance zone.
/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.
A bearish engulfing pattern has emerged at the bearish bat pattern potential reversal zone.
***This idea is only for educational purpose. Not a financial advice***
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.