jojofang0901

GBPUSD top of the price action, watch for drop

Short
jojofang0901 Zaktualizowano   
OANDA:GBPUSD   Funt Brytyjski/Dolar USA

Hi everyone:

Also looking at GBPUSD for the bearish opportunities.

Price has been in a long term, higher time frame ascending channel correction, moving the price up to the current area.

We can see on the higher time frame, we approach to a previous high,
which is also where price formed similar price action.
A double tops, "M" structure within the HTF ascending channel, and strong breakdown from the price.

Very identical price action here as well on the lower time frame.

What we can expect the price to do now is complete this lower time frame ascending channel correction,
and look for breakout of the price follow by more bearish correction to go.

Thank you
Komentarz:
higher time frame:
Komentarz:
Komentarz:

I will NEVER message you to Sell Anything/Service For $.
100% Free Educational Trading Content.
NO Telegram, Discord, Whatsapp & Facebook.
Be Careful of Scammers, Impersonators/Fakers of ME on Those Platforms.
Wyłączenie odpowiedzialności

Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.