GBPUSD Short | 4H
Updated
Reasons for Entry:
1. Price hit the 1.3700 key level which has 3/4 previous touches.
2. 4H stochastic in oversold area signalling to short.
3. Ascending Triangle reversal pattern forming signalling a bigger short over time.
4. A news report that led me to believe I should go opposite of it...
PT: Near the bottom 4H Trend Line.
1. Price hit the 1.3700 key level which has 3/4 previous touches.
2. 4H stochastic in oversold area signalling to short.
3. Ascending Triangle reversal pattern forming signalling a bigger short over time.
4. A news report that led me to believe I should go opposite of it...
PT: Near the bottom 4H Trend Line.
Trade closed manually
Took profit at 1.36425 because long 4H wick and struggle to break past the .3 Fib level.
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