GBPUSD JULY MONTHLY STRUCTURE OHLC [SELL SETUP]๐ป๐ป๐ป๐ป
GBPUSD JULY
MONTHLY STRUCTURE
OHLC
[SELL SETUP]๐ป๐ป๐ป๐ป
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The monthly structure of GBPUSD for the month of July indicates a SELL SETUP based on the OHLC (Open, High, Low, Close) pattern. When considering this trade, there are three crucial factors to examine: Divergence, Market structure, and TDI Cross.
A significant observation is the bearish divergence in price, which has occurred from the high point reached on June 16th to the current market price. This divergence signifies a clear instance of market manipulation. Furthermore, in the daily timeframe, the price opened at a high level and is currently being rejected at the resistance level of 1.28496. Consequently, an optimal region to initiate sell positions would be below 1.28092.
Upon the TDI (Traders Dynamic Index) crossing in the Daily timeframe, my primary target area will be at 1.27142, followed by the second target at the daily open of 1.26951. The third take profit (TP) level will be set at the previous month's open of 1.25235. Finally, the ultimate target will be the yearly open at 1.23448. It is noteworthy that the GBPUSD exhibits a sell setup, and even the yearly structure supports this notion. Further details and confirmation on this can be found in the link that I will share in my upcoming post.
Target 1- 1.27142
Target 2 - 1.26951
Target 3 - 1.25235
Target 4 - 1.23448
It is crucial to exercise patience and await the TDI cross before taking any action.
Trade with Caution. Wait for valid entries.
Please support this idea with LIKE, FOLLOW & SHARE if you find it useful.
P A T I E N C E + D I S C I P L I N E
MONTHLY STRUCTURE
OHLC
[SELL SETUP]๐ป๐ป๐ป๐ป
Please support this idea with LIKE, FOLLOW & SHARE if you find it useful.
The monthly structure of GBPUSD for the month of July indicates a SELL SETUP based on the OHLC (Open, High, Low, Close) pattern. When considering this trade, there are three crucial factors to examine: Divergence, Market structure, and TDI Cross.
A significant observation is the bearish divergence in price, which has occurred from the high point reached on June 16th to the current market price. This divergence signifies a clear instance of market manipulation. Furthermore, in the daily timeframe, the price opened at a high level and is currently being rejected at the resistance level of 1.28496. Consequently, an optimal region to initiate sell positions would be below 1.28092.
Upon the TDI (Traders Dynamic Index) crossing in the Daily timeframe, my primary target area will be at 1.27142, followed by the second target at the daily open of 1.26951. The third take profit (TP) level will be set at the previous month's open of 1.25235. Finally, the ultimate target will be the yearly open at 1.23448. It is noteworthy that the GBPUSD exhibits a sell setup, and even the yearly structure supports this notion. Further details and confirmation on this can be found in the link that I will share in my upcoming post.
Target 1- 1.27142
Target 2 - 1.26951
Target 3 - 1.25235
Target 4 - 1.23448
It is crucial to exercise patience and await the TDI cross before taking any action.
Trade with Caution. Wait for valid entries.
Please support this idea with LIKE, FOLLOW & SHARE if you find it useful.
P A T I E N C E + D I S C I P L I N E
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