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GBPUSD Sell Schenario

Theamy의

Analysis :

Price is inside a bullish regression channel,
Bulls were rejected on both [Resistance zone and resistance line].

Sell :

Wait for a bearish reversal confirmation,
Wait for a rejection candle pattern to form e.g. bullish engulfing , pinbar , Insidebar etc,
Initiate SELL order,
Targets TP1 to TP3,
SL above our resistance zone.

/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.

Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.

A bearish engulfing pattern has emerged at the bearish bat pattern potential reversal zone.
***This idea is only for educational purpose. Not a financial advice***
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