Hey traders, after today's volatility due to the FOMC interest rate decision, price has started to calm down.
On the H1 and M15 charts for GBPUSD I see a bearish flag pattern, which is a continuation of the bearish move I saw last week.
We have a pinbar for price action to confirm sellers coming in, with a follow up down move.
The stop loss is set just above the upper line of the bearish flag pattern.
The risk to reward is 2.85.
Daily trade analysis and ideas:
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ForexShinobi
On the H1 and M15 charts for GBPUSD I see a bearish flag pattern, which is a continuation of the bearish move I saw last week.
We have a pinbar for price action to confirm sellers coming in, with a follow up down move.
The stop loss is set just above the upper line of the bearish flag pattern.
The risk to reward is 2.85.
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: www.facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: www.instagram.com/jaylen.forex/
Website: www.forexshinobi.com
Tiktok: @forexshinobi
ForexShinobi
