GBPUSD is offering a Shorting Opportunity
GBPUSD is offering a good Shorting opportunity in the H4.
Price falls after been rejected with a Shooting Star by the Wedge resistance at the 1.4240 area. Rebounded from the 50EMA though with some bullish candles but, in my opinion, all of them are, at least till now, more of a corrective move.
I’m bearish bias here and will be watching how PA reacts to:
1. Aggressive move: To Short at Bearish Signal at the 1.4220/30 areas (A potential H&S or a Triple Top in progress then?);
2. Safer Entry: Wait for a Breakout from the Wedge support and to Short with Bearish Signal after a Retest.
Take note that the above set-up will be invalidated if price breaks up convincingly above the Shooting Star at 1.4240 area.
Just my HO. Any comments will be appreciated.
Price falls after been rejected with a Shooting Star by the Wedge resistance at the 1.4240 area. Rebounded from the 50EMA though with some bullish candles but, in my opinion, all of them are, at least till now, more of a corrective move.
I’m bearish bias here and will be watching how PA reacts to:
1. Aggressive move: To Short at Bearish Signal at the 1.4220/30 areas (A potential H&S or a Triple Top in progress then?);
2. Safer Entry: Wait for a Breakout from the Wedge support and to Short with Bearish Signal after a Retest.
Take note that the above set-up will be invalidated if price breaks up convincingly above the Shooting Star at 1.4240 area.
Just my HO. Any comments will be appreciated.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.