GBPUSD is reaching at highest area of confluence to short
1- Trendline traders are looking to short
2-Support and resistance trader are looking to short(as it is reaching imp resistance)
3-Fibonacci traders are looking to short
4-Ema traders are looking to short both 20 and 50 ema
Hence it is at higher area of confluence to short
WAIT FOR THE SHORT TERM PULLBACK TO OVER AND THEN ENTER, also see the important candlestick pattern before entering
Note: Trade as per your setups and risk management this is just a setup idea.
If you want to learn these setups then checkout this
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1- Trendline traders are looking to short
2-Support and resistance trader are looking to short(as it is reaching imp resistance)
3-Fibonacci traders are looking to short
4-Ema traders are looking to short both 20 and 50 ema
Hence it is at higher area of confluence to short
WAIT FOR THE SHORT TERM PULLBACK TO OVER AND THEN ENTER, also see the important candlestick pattern before entering
Note: Trade as per your setups and risk management this is just a setup idea.
If you want to learn these setups then checkout this
traderpreneur1....ad.com/l/LrnIWv?_ga=2.1149...