GBPUSD Attempts a Fakeout
On the H4 timeframe, the price is attempting to break the trendline, accompanied by a relatively long wick, indicating that the price tendency is still bearish. Observing the larger timeframe, the price still tends to be bearish. Until a new higher high is formed at the price of 1.27022, we assume that the price remains bearish.
For this entry method, I am using the inside bar candle breakout strategy.
Sell Stop: 1.26611
SL: 1.26806 (40 pips)
TP: 1.26206 (+2)
For this entry method, I am using the inside bar candle breakout strategy.
Sell Stop: 1.26611
SL: 1.26806 (40 pips)
TP: 1.26206 (+2)
Note
Sorry typoSell Stop: 1.26611
SL: 1.26811 (20 pips)
TP: 1.26211 (+2)
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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.