GBPUSD (short)
Reason For Entry
- Double top candle pattern on 4H
- Pin bar candle on the 4H
- Bearish momentum candles (bearish engulfing) 4H
- Bounce and retest of descending trendline 4H
- Brokenb ascending trendline 1H
Reason For SL
- Above descending trendline
- Above resistance
Reason For Target
- Targetting previous lows
- Double top candle pattern on 4H
- Pin bar candle on the 4H
- Bearish momentum candles (bearish engulfing) 4H
- Bounce and retest of descending trendline 4H
- Brokenb ascending trendline 1H
Reason For SL
- Above descending trendline
- Above resistance
Reason For Target
- Targetting previous lows
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.