GBP - Multi Time From Short Setup
Thought I'd share this one with multiple time frame to show my bias.
GBPUSD appears to be rejecting from the mid range 1:1 area (grey) and so this provides an intriguing short because if downside continues it may be very impulsive.
Previous 30 min candle close printed a bearish momentum candle revealing that the upward trend is breaking down and this should be corrective Distribution into impulsive Mark Down.
Things developing elsewhere. I'll continue this thread later
GBPUSD appears to be rejecting from the mid range 1:1 area (grey) and so this provides an intriguing short because if downside continues it may be very impulsive.
Previous 30 min candle close printed a bearish momentum candle revealing that the upward trend is breaking down and this should be corrective Distribution into impulsive Mark Down.
Things developing elsewhere. I'll continue this thread later
I'm somewhat quiet on TView for now but you can find me pumping content every day in my Telegram Trading Group 🧐
Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus😼.
$50 per month 👍🏻.
Contact: t.me/dRends35
Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus😼.
$50 per month 👍🏻.
Contact: t.me/dRends35
Overnight GBP has had a big bounce also in tandem with stocks and again and so I will wait for price to develop again. Currently it is too close to the 1:1 area and on a bounce and so my longer term bias is near neutral again. I need to see it pull away from this area to make another trade.