GBPUSD formed a perfect wedge top, setting up a potential short opportunity in the next days.
1. The move is composed of a clear 3-Push Pattern.
2. The last push/leg is the strongest, indicating a possible exhaustion (Climatic Move).
3. At the top of the last leg, there's a sequence of 5 bars with lots of overlapping - Al Brooks' Final Flag Pattern
With a good bearish signal bar, it's worth scalping part of the position towards to the 20 EMA and swing the rest of it until the Bull TL.
1. The move is composed of a clear 3-Push Pattern.
2. The last push/leg is the strongest, indicating a possible exhaustion (Climatic Move).
3. At the top of the last leg, there's a sequence of 5 bars with lots of overlapping - Al Brooks' Final Flag Pattern
With a good bearish signal bar, it's worth scalping part of the position towards to the 20 EMA and swing the rest of it until the Bull TL.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.