Hello!
Taking a look at GBPUSD, we can see price seems to be making a large Expanding Flat Pattern on the Daily Chart. More Short Term, Sellers seem to be loosing momentum & if so, Buyers can start stepping in to drive price higher. On a Weekly, Price is clearly consolidating right now, I am anticipating this to be a reversal setup & will be buying & looking to add positions as price breaks out.
*SETUP SHOWN IS FOR THIS PARTICULAR TRADE I AM TAKING. I ACTIVELY TRADE, MEANING I CAN COMPLETELY CHANGE THE WAY A SETUPS IS TRADED BASED ON DEVELOPMENT OF PRICE ACTION. FIND YOUR OWN SETUP & TAKE YOUR OWN TRADE.*
Taking a look at GBPUSD, we can see price seems to be making a large Expanding Flat Pattern on the Daily Chart. More Short Term, Sellers seem to be loosing momentum & if so, Buyers can start stepping in to drive price higher. On a Weekly, Price is clearly consolidating right now, I am anticipating this to be a reversal setup & will be buying & looking to add positions as price breaks out.
*SETUP SHOWN IS FOR THIS PARTICULAR TRADE I AM TAKING. I ACTIVELY TRADE, MEANING I CAN COMPLETELY CHANGE THE WAY A SETUPS IS TRADED BASED ON DEVELOPMENT OF PRICE ACTION. FIND YOUR OWN SETUP & TAKE YOUR OWN TRADE.*
David K Giraldo