GBPUSD - H1 SHORT SETUP - TMP
Updated
Entered SHORT on this trade upon strong break of the support of what it seems to be a Triple Top or Head & Shoulders like the GBPCAD trade.
Quite a bit late to execute after the entry signal appeared but good thing a retest happened and entered upon confirmation of the retest.
Bias for this trade came from the pullback strategy where GBP is weak on H4 and execution is done on lower TF like H2 or H1.
This trade has a potential reward of 2.38R with TP at the bottom (logical TP area).
Quite a bit late to execute after the entry signal appeared but good thing a retest happened and entered upon confirmation of the retest.
Bias for this trade came from the pullback strategy where GBP is weak on H4 and execution is done on lower TF like H2 or H1.
This trade has a potential reward of 2.38R with TP at the bottom (logical TP area).
Trade closed: stop reached
SL hit. Will re-enter when a valid entry signal reappears.
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