Whats going on everyone,
Just having a look at the GBPUSD chart on the weekly timeframe, you can see weve had 3 weekly rejections of GBPUSD at a crucial resistance level.
With this im definitely executing shorts, and I believe their is a strong potential to see some significant downside.
Scaling down to the daily, you can also see a doji candle - a clear sell signal.
Stops above the prior wick, take profit at 1.20.
Hope this helps.
Just having a look at the GBPUSD chart on the weekly timeframe, you can see weve had 3 weekly rejections of GBPUSD at a crucial resistance level.
With this im definitely executing shorts, and I believe their is a strong potential to see some significant downside.
Scaling down to the daily, you can also see a doji candle - a clear sell signal.
Stops above the prior wick, take profit at 1.20.
Hope this helps.