GBPUSD short scalp Idea: fade the GU bounce
Updated
Quick scalp opportunity, but will need to watch closely.
Just a Weekly Pivot play, looking to hit it, then hug it, then a reversal pattern just below.
Reversal patterns like micro Head-n-Shoulders, Bearish Engulfing 15 min candle, etc.
Strong break and hold above the Pivot completely invalidates shorting possibility
This is a follow up to my ''Big Short'' which finally climaxed at 1.2700
Just a Weekly Pivot play, looking to hit it, then hug it, then a reversal pattern just below.
Reversal patterns like micro Head-n-Shoulders, Bearish Engulfing 15 min candle, etc.
Strong break and hold above the Pivot completely invalidates shorting possibility
This is a follow up to my ''Big Short'' which finally climaxed at 1.2700
Note
And here we are, at the Weekly Central Pivot (green). Note
We hit it, will we Hug it? or blow by? Note
Hmm, looks like this idea is shot, unless it comes back below that Pivot (certainly possible that the spike was a stop hunt) Note
Back under the pivot, but this red zone might now act as support (I might flip it green if so), thus watching closely now and there is news coming Note
Now looking for something like this (Hug then separate) Note
now watching for something like this Note
This is an example of ''Stitching'' a price, once the stitch is done, that price becomes a strong res/sups3.amazonaws.com/tradingview/snapshots/s/sd54gjmE.png
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