GBP/USD SHORT Confluence
Updated
Will be watching the price action closely for a short as there is a good confluence of data. It's at the .886 retracement level as well as a bearish bat pattern. TheRSI is in overbought territory as well. A pin bar is forming on the 4h chart.
*Trading ideas are personal view. Not a recommendation for a buy or sell, please use your tested strategy.
As always if you need any help feel free to contact me.
*Trading ideas are personal view. Not a recommendation for a buy or sell, please use your tested strategy.
As always if you need any help feel free to contact me.
Comment
Covered 1/3 of the position and moved stop to b/eTrade closed manually
Closed all positions as the gbp looks like its gonna rally.
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