GBPUSD Sell Schenario

Analysis :

• Price is inside a bullish regression channel,
  
• Bulls were rejected on both [Resistance zone and resistance line].
  

Sell :

• Wait for a bearish reversal confirmation,
  
• Wait for a rejection candle pattern to form e.g. bullish engulfing , pinbar , Insidebar etc,
  
• Initiate SELL order,
  
• Targets TP1 to TP3,
  
• SL above our resistance zone.
  

/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.

Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
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A bearish engulfing pattern has emerged at the bearish bat pattern potential reversal zone.
***This idea is only for educational purpose. Not a financial advice***
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