GBPUSD Completing TCP
Hello Traders!
GBPUSD is completing a TCP. There are a few options here. You can wait for pattern to form a top and short from there, or just wait for it to top and start downward momentum. then just sell a T.C.P. If this analysis holds true and the pair reverses, this bear wave may be strong and fast and positions can be added throughout the drop. Good swing trade for a good 500+pips.
If it breaks up, then no trade unless market makes a T.C.P.
GBPUSD is completing a TCP. There are a few options here. You can wait for pattern to form a top and short from there, or just wait for it to top and start downward momentum. then just sell a T.C.P. If this analysis holds true and the pair reverses, this bear wave may be strong and fast and positions can be added throughout the drop. Good swing trade for a good 500+pips.
If it breaks up, then no trade unless market makes a T.C.P.
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David K Giraldo