DislikedHello! First of all thank you for a awesome thread. I'm trying to learn to swing trade because I have a full time job. This is a chart of GBPUSD daily timeframe. Would you consider this as a interesting formation? I would be interested in selling this pair if the price breaks support. If it bounces I will wait and see how the price responds to the trendline. Any answers is good answers for me. {image}Ignored
Welcome to the thread
One of the biggest concepts we use here is called a PPZ. Not sure if you are familiar yet and if you need more info let me know! This one is trading directly into the PPZ flip. So this is where it gets tricky we have both the BRN and the flip(in white) We really want to trade away from those zones and not into them
We can see the 2 week pinbar on the weekly retracing to the left eye which is the same example of this flip just visually different
Let me know if that helps and again welcome
Mike