Bearish GBP/USD
Updated
The daily chart has room left to fall a bit further down, and the 4H chart is all bearish.
In addition to this, a head and shoulder pattern has formed. He is rather handsome.
I have boxed in the current stagnation, and I want to see a break and a re-test before entering.
In addition to this, a head and shoulder pattern has formed. He is rather handsome.
I have boxed in the current stagnation, and I want to see a break and a re-test before entering.
Note
Is it a bulltrapp or a change of trend?If there is a new range forming, I will move the box and entry upwards.
But it is to early to tell.
Order cancelled
The trigger never happened.But there are some lessons to be learned here!
1) We can see the value of the "setup - trigger" method way of trading.
Since the beginning of my idea-spree, the method has saved me from two losses.
2) There was once again a re-test of the drawn support-resistence box.
You usually dont need to rush in after breakout.
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