GBPUSD Attempts a Fakeout
Updated
On the H4 timeframe, the price is attempting to break the trendline, accompanied by a relatively long wick, indicating that the price tendency is still bearish. Observing the larger timeframe, the price still tends to be bearish. Until a new higher high is formed at the price of 1.27022, we assume that the price remains bearish.
For this entry method, I am using the inside bar candle breakout strategy.
Sell Stop: 1.26611
SL: 1.26806 (40 pips)
TP: 1.26206 (+2)
For this entry method, I am using the inside bar candle breakout strategy.
Sell Stop: 1.26611
SL: 1.26806 (40 pips)
TP: 1.26206 (+2)
Note
Sorry typoSell Stop: 1.26611
SL: 1.26811 (20 pips)
TP: 1.26211 (+2)
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