GBPUSD - 15min short entry (3:1 RR)
GBPUSD just made a high on the higher timeframes so we are expecting a low. 1hr timeframe is showing rejections to the upside. Also, the 15 min timeframe just made bearish structure. The confluences for this trade are:
· Break and retest of EMA.
· Break and retest of structure.
· Bullish Structure turned bearish
· Trendline break and retest.
· Break and retest of EMA.
· Break and retest of structure.
· Bullish Structure turned bearish
· Trendline break and retest.
Trade closed manually
Closed at BE.
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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.