Big 3 4H Short Trading Strategy

FX:EURGBP   Euro / British Pound
I am waiting for this 4H chart to setup a Big 3 Short trade. A new lower low has been painted on chart. My rule #1 has been met, waiting for a pull back long. Then I need to see a continuation candle pattern short to enter. The 4H is too long to wait for that so I need to go to a smaller time frame to find that pattern. The 15 or 30 m chart will do that. I am looking for the candles of a short continuation pattern to look like an engulfing candle, evening star 3 candle pattern, railroad long body green with long body red next to it, pin bar with wick at top, possible doji . When I have a strong short continuation pattern painted then I will enter the trade when the Macd is on or above the 20 level & the Big 3 indicator is still red for confirmation. If pull back continues and no short continuation pattern develops no trade. SL above a latest swing high or above the highest ma. My TP will be to the latest swing low. We have many different strategies to learn on our blog and we are constantly coming out with new strategies for traders to learn every week. Visit us below on the website, Twitter or Facebook .
Comment: If this pair does not create a short continuation pattern then it may be going long back up to the channel top. Be a chameleon and adapt your trading strategy. If price bounces long off the channel bottom and doesn't break through it, then look for a long setup for price to go back up to the center and then to the top of the channel.
Comment: Pull back only came back to the 80 sma instead of projected pull back zone. A sell limit order @ .8898 was already in place at the swing low which hit. Target at nearest support level was the target @ .8760 which was reached for 36 pips.
Beautiful trade setup, thank you for sharing your view. I have similar idea as well on this pair.

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