GBPUSD | Risky Trade Opportunity On NFP Time!
Hey!
Currently, GBPUSD offers us a good sell opportunity after the strong candle breaks below the clean upwards trendline with nice volume inside of it.
So, ideally would be a perfect scenario - sell after it has made a retest. Currently, the price may retest it nicely on the NFP time but watch it closely, if it makes a strong rally above of it then it would be invalid.
A rejection from the trendline and from the round number (1.31000) crossing area would be perfect because this trendline has clean touches and it breaks after the strong selling pressure.
Also, we have some short-term trend reversal indications, the price has printed on the chart new lower lows and lower highs and after the breakout, on the 4H and on the 1H timeframe we have EMA death cross between 8 and 21 which should be bearish momentum sign!
SUMMARY: Watch NFP, if it reaches into the crossing area and it gets rejected from there then it would be a nice setup.
The trendline is broken, higher high and higher low market structure is broken with a strong candle and now, wait for a retest!
Please, do not forget to support my idea post by hitting the "LIKE button!
Thank You very much!
Have a nice day!
Cheers!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Currently, GBPUSD offers us a good sell opportunity after the strong candle breaks below the clean upwards trendline with nice volume inside of it.
So, ideally would be a perfect scenario - sell after it has made a retest. Currently, the price may retest it nicely on the NFP time but watch it closely, if it makes a strong rally above of it then it would be invalid.
A rejection from the trendline and from the round number (1.31000) crossing area would be perfect because this trendline has clean touches and it breaks after the strong selling pressure.
Also, we have some short-term trend reversal indications, the price has printed on the chart new lower lows and lower highs and after the breakout, on the 4H and on the 1H timeframe we have EMA death cross between 8 and 21 which should be bearish momentum sign!
SUMMARY: Watch NFP, if it reaches into the crossing area and it gets rejected from there then it would be a nice setup.
The trendline is broken, higher high and higher low market structure is broken with a strong candle and now, wait for a retest!
Please, do not forget to support my idea post by hitting the "LIKE button!
Thank You very much!
Have a nice day!
Cheers!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Kommentar:
Here is the mentioned clean trendline:
Kommentar:
NFP is over, nothing remarkable and the trade is still valid!
Wait for a retest!
Have an amazing weekend!
Cheers!
Wait for a retest!
Have an amazing weekend!
Cheers!
Kommentar:
Perfect retest:
...and so far as planned!
Trade geschlossen: Ziel wurde erreicht:
Sweet!
