GBPUSD - Potential momentum ride
Updated
Using the H4 timeframe, GJ just made a very strong bearish candle breaking an indecision zone.
This trade is a break and retest trade that will hopefully give us 52 pips.
This trade is a break and retest trade that will hopefully give us 52 pips.
Note
A better entry and indecision level would've been around the 1.2697 region. Stop loss would then be slightly above the wick of the large bearish candle.Trade closed: stop reached
The market closed back in the zone and didn’t break the previous low. Break and retest fakeout
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