Sterling is likely to weaken against the dollar at least in
short term
gbpusd formed a bearish gartley
the bearish channel at the end of the trend
confirmate the possibility for price
to fall
price already pullbacked to it
and the channel resisted well
forming a bearish pinbar and then
engulfing it (two last 4h candles)
respect your money management
gbpusd formed a bearish gartley
the bearish channel at the end of the trend
confirmate the possibility for price
to fall
price already pullbacked to it
and the channel resisted well
forming a bearish pinbar and then
engulfing it (two last 4h candles)
respect your money management
Note
Note
otherwise the best opportunity to short will be at the retest of the body of inside bar. because it increase a lot the R R ratiousually using price action, price always come back to retest the body of the candle (it happen with pinbar, inside bar , bearish/bullish engulfing, etc)
Trade active
Trade closed: stop reached
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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.
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.