Entered SHORT on this trade upon strong break of the support of what it seems to be a Triple Top or Head & Shoulders.
Bias for this trade came from the pullback strategy where GBP is weak on H4 and execution is done on lower TF like H2 or H1.
This trade has a potential reward of 2.3R with TP at the bottom (logical TP area).
Bias for this trade came from the pullback strategy where GBP is weak on H4 and execution is done on lower TF like H2 or H1.
This trade has a potential reward of 2.3R with TP at the bottom (logical TP area).
Trade closed: stop reached
SL hit. Will re-enter when a valid entry signal reappears.
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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.