Shooting star spotted on 4h chart, GBPAUD short.
Hi traders,
After a tremendous rally in recent days we can see this pair is exhausted now. While RSI being overbought we have a perfect shooting star candle sitting on the top which suggests a trend reversal.
I have entered a short trade here and marked the tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
After a tremendous rally in recent days we can see this pair is exhausted now. While RSI being overbought we have a perfect shooting star candle sitting on the top which suggests a trend reversal.
I have entered a short trade here and marked the tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
Trade closed: stop reached
Shorting from the topTrade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.