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GBPUSD - Monitoring for a short opportunity

OANDA:GBPUSD   英镑/美元
Following our overviews and indications on both the weekly, daily and 4hr timeframes on OANDA:GBPUSD             , we are currently looking for short opportunities. Having already broke the top, from now on every sell is a good sell. Watch the break of the small trendline , on the 60min timeframe. As the pair could crawl a bit more to the upside and the first sell attempt might not be the one that goes, a recommended strategy with a more conservative approach, would be the one to wait for a small impulse to the downside, wait for the impulse to correct itself with a small flag, and sell the break of the flag with a stop loss above it.

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Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).

Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.

Thank you for viewing.
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