GBPUSD Long After Short Fakeout on H1
Updated
So dusting off the old charts here.
My Script is for entry predictions.
After the H1 candles called a short twice i went down to the M30 which put in a shooting star . So i took my loses and went long 2 micros. This is the first time I've traded since early to mid summer.
Went down to the M15 and got a buy signal.
Went down to the M5 for closer monitoring. See flag forming.
Confirm Bullish Pennant . Measure mask whip out the fibs. Notice Retracement to below bottom of where i considered above the pennant with lowest possible entry. Stack one micro.
Should be a nice ride. Trendline broken and all.
GBPUSD Long After Short Fakeout on H1
My Script is for entry predictions.
After the H1 candles called a short twice i went down to the M30 which put in a shooting star . So i took my loses and went long 2 micros. This is the first time I've traded since early to mid summer.
Went down to the M15 and got a buy signal.
Went down to the M5 for closer monitoring. See flag forming.
Confirm Bullish Pennant . Measure mask whip out the fibs. Notice Retracement to below bottom of where i considered above the pennant with lowest possible entry. Stack one micro.
Should be a nice ride. Trendline broken and all.
GBPUSD Long After Short Fakeout on H1
Note
Inverted Hammer** not shooting star.Trade closed: stop reached
TP above previous daily high was a greedy. +72 pips
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