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Proszi
Apr 12, 2021 9:33 AM

Short on Pullback Short

Euro Fx/British PoundFXCM

Description

Looking to enter shorts on:
-Ascending TL retest
-0.5 fib retracement
-Previous area of S&R
-MA50
Comments
BainaiThai_1_0
Exited +/- 0....reentered short @86603 Thanks for your response...I value your advice.
Proszi
@BainaiThai_1_0, My pleasure!
BainaiThai_1_0
I am short on this one...but do not like that pin bar at .8655...It still has slight short bias...Thanks for the post...I rarely use 30min charts..interesting look.
Proszi
@BainaiThai_1_0, Candle stick patterns are useless in my opinion. Just watch for PA to develop itself (i.e. structural breakouts, momentum confirmation, etc.) and adjust SL accordingly to mitigate risk. We already got the rejection from my outlined confluences (and the same can be seen on the hourly chart, makes no difference), so hopefully the market shows continuation. Thanks for your comment :)
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