Get Ready to Sell! Perfect Setup Near Trendline Resistance
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Analysis of #GBPUSD
Hello traders,
Looking at the GBPUSD chart, we can see that the market is currently approaching the trendline resistance and a previous structure resistance zone. This provides a potential sell entry opportunity.
We can wait for the market to confirm the resistance level by forming a reversal pattern or showing bearish momentum before entering a sell trade. Our target could be the recent low or even lower to the next resistance level.
Keep an eye on the market and follow me for more trading insights and analysis.
Happy trading!
Hello traders,
Looking at the GBPUSD chart, we can see that the market is currently approaching the trendline resistance and a previous structure resistance zone. This provides a potential sell entry opportunity.
We can wait for the market to confirm the resistance level by forming a reversal pattern or showing bearish momentum before entering a sell trade. Our target could be the recent low or even lower to the next resistance level.
Keep an eye on the market and follow me for more trading insights and analysis.
Happy trading!
Note
moved 210 pips, but we closed early, enjoy
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