British Pound / U.S. Dollar
Short
Updated

Key daily level holding resistance

157
GU wicks have been crazy, but we cannot ignore the fact that it has failed to close the 4 hour candles above key daily level, that keeps my interest peaked for a short, now that brexit hype is over and DXY is hovering around support.

Targets are clearly marked, entry for a short at key daily level marked in red and stop loss is flexible for me. I would like to see a 4 hour candle close above the red block in order to close my short
Trade active
snapshot

As expected, key daily resistance is the king, cant go against the higher time frame signal
Note
Keep an eye on updates, pound is the new ponzi.... gotta milk this cow to make some lunch money
Trade closed: target reached
snapshot

That was fast

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.