First and foremost let's breakdown each and every confluence we have this pair is most likely bearish. - Clear descending trendline showing we are in a down trending market - Previous HL's from a predicted correction move to the upside has been broken showing that we have the intention to have further movement to the downside. - Blue MA Above price showing we have some indication of a breakout to the downside. - and the simple yet effective when drawn correctly is the H+S Pattern a nice close below would provide us with a good / very good shorting opportunity to the downside. signal that we will be using is a ''BAR CLOSE'' Some what aggresive but this move isn't something that should be passed up lightly.. As always, Good Luck
Kommentare
Lucid.Trader
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This chart is nice.
DacresFx
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Thank you
UnknownUnicorn326052
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Very nice find and as you mention in your first sentence. Other pairs with GBP as base are also bearish (mainly GBPCHF). The entry is a good place. I'd wait for a clear break and then enter on the retest at around 159.