GBP USD PRE NY SESSION ANALYSIS (SHORT)
Ok so from what I am seeing, it looks as we will be going short for the beginning of the week. Ill explain below:
as we saw last week, gbp tested the upper resistance multiple times and has gotten rejected each of those times. For a short position, i need to see gbp hit the top resistance once more and get rejected, obviously waiting for confirmations from the candle sticks. Price action is all you need to pay attention to. But indicator wise, the stochiastic on the 15M chart is oversold so there could be a short to scalp pretty soo.
HOWEVER, if we break past that top resistance, i want to see a break and a retest of the top level, and i will have no problem going long.
If you guys found this idea useful go ahead and like it so i know to make more. Trade safe yall, i will be posting more soon
as we saw last week, gbp tested the upper resistance multiple times and has gotten rejected each of those times. For a short position, i need to see gbp hit the top resistance once more and get rejected, obviously waiting for confirmations from the candle sticks. Price action is all you need to pay attention to. But indicator wise, the stochiastic on the 15M chart is oversold so there could be a short to scalp pretty soo.
HOWEVER, if we break past that top resistance, i want to see a break and a retest of the top level, and i will have no problem going long.
If you guys found this idea useful go ahead and like it so i know to make more. Trade safe yall, i will be posting more soon
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