GBPUSD Short
Though I am a long term USD bear, this opportunity looks great for a nice dip to take advantage of.
Looking to short GU on the pullback and rejection of this 4 hour trend line around 1.415
Entry 1.415
Stop Loss: 2 4 hour candle closes above 1.4225
Target 1: 1.405
Target 2: 1.3945
Looking to short GU on the pullback and rejection of this 4 hour trend line around 1.415
Entry 1.415
Stop Loss: 2 4 hour candle closes above 1.4225
Target 1: 1.405
Target 2: 1.3945
Trade active
Two 4 hour candle rejection candles were observed on the retest of the trendline. Trade is active and filled based on above parameters.Trade closed manually
After failing to break the .382 pullback a stop loss at break even was triggered.On to the next.
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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.