British Pound / U.S. Dollar

Short

GBPUSD BEARISH PENNANT FORMING?

Updated

Notes on the chart.

Good luck!

Note

We need to wait the breakout of this NEW ctl before it can trigger the trade: the R/R is reduced a little bit but we'll avoid false breakout.
(we'll adjust the new ctl if price can't close below it)

snapshot

Trade active

Candle closed below the new ctl that I posted above. The trade is active.

Note

SL moved to breakeven

Trade closed manually

Closed at breakeven :)

Related publications

GBPUSD: the next 20% drop to the lowest low in GBP history

GBPUSD: Gbp short

USDJPY SHORT IDEA!

USDCAD ABC COMPLETED

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.