Possible Sell Trade on GBPUSD
This is my analysis trade for GBPUSD.
Weekly is bullish but Daily and 4H are both bearish for HTF direction.
I will wait for the pullback going up for the price to go to my sell zone for the OB which are showing up from 4H all the way down to 15M timeframe. So for me, this is the best location to sell again for another possible round of bearish action for this market.
I added a trade alert so I will not look at this pair in the week until my alert gets triggered.
Once price goes to my sell zone and I get my alert, that's the time I will go down and find my possible trade entry on lower timeframe so I can have a tighter stop loss and possibly get a better risk reward ratio.
Possible target would be the last swing low on the 4H timeframe.
I will update my trade idea here once price goes to my buy zone for my possible entry on the lower timeframe.
Weekly is bullish but Daily and 4H are both bearish for HTF direction.
I will wait for the pullback going up for the price to go to my sell zone for the OB which are showing up from 4H all the way down to 15M timeframe. So for me, this is the best location to sell again for another possible round of bearish action for this market.
I added a trade alert so I will not look at this pair in the week until my alert gets triggered.
Once price goes to my sell zone and I get my alert, that's the time I will go down and find my possible trade entry on lower timeframe so I can have a tighter stop loss and possibly get a better risk reward ratio.
Possible target would be the last swing low on the 4H timeframe.
I will update my trade idea here once price goes to my buy zone for my possible entry on the lower timeframe.
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