GBPUSD has a potential sell setup forming. The Price Action is currently sitting at resistance of 1.2960 area. IF we can see the PA push down and break the bearish flag pattern, it would be a good R;R short position down to recent lows and 1.27000.
Be aware of the GBP election news event that may cause volatility in the market.
Thank you for your support and feedback.
Kommentar
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Remember, wait for confirmation before enter the sell.
Sorry if its dumb question, but what point are you looking at to enter short?
1.29600 or 1.29350?
Thank you
jojofang0901
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@ValtsVladimirLiepnieks, Hi, I am only looking to sell IF price action broke out of the bearish flag pattern, the exactly price is hard to determine at this point. I can estimate around 1.2900-1.2890. IF it doesn't break out there will be no short entry.