GBPUSD 4.4:1 Short Trade
Updated
GBPUSD is in a down trend on the 1h timeframe.
Price has just created a new LL on the 1h timeframe.
There was an efficient move down on the 30m timeframe starting at 13:00 and being rebalanced at 14:30 (our entry candle).
At 14:30 price again moved down leaving inefficiency behind and creating a new LL on the 1h timeframe.
You could try with a tighter entry using the candle at 14:45 on the 5m timeframe but I am happy with the 4.4:1.
Price has just created a new LL on the 1h timeframe.
There was an efficient move down on the 30m timeframe starting at 13:00 and being rebalanced at 14:30 (our entry candle).
At 14:30 price again moved down leaving inefficiency behind and creating a new LL on the 1h timeframe.
You could try with a tighter entry using the candle at 14:45 on the 5m timeframe but I am happy with the 4.4:1.
Order cancelled
Market looks like it may be starting to reverse, not confident enough in this trade to take it anymore.
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