Wait for the Trigger!
GBPUSD is sitting around a strong resistance area so we will be looking for sell setups on lower timeframes.
on H1: GBPUSD formed a wedge pattern in red and Head and Shoulders pattern in red but it is not ready to sell yet. We want the sellers to prove that they are taking over. (you don't want to sell a bullish market ;))
So we will be waiting for a momentum candle close below the red neckline to sell.
Until the sell is activated, this one would be overall bullish and can still trade higher.
on H1: GBPUSD formed a wedge pattern in red and Head and Shoulders pattern in red but it is not ready to sell yet. We want the sellers to prove that they are taking over. (you don't want to sell a bullish market ;))
So we will be waiting for a momentum candle close below the red neckline to sell.
Until the sell is activated, this one would be overall bullish and can still trade higher.
Aviso legal
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