GBPUSD H4 pullback before going short.
Currently looking for selling opportunity and patiently waiting for my entries to be hit.
Reasons to enter:
1. EMA 21 and 50 just crossed over, and am expecting further downside.
2. Price was rejected at both 21 and 50 ema beautifully.
3. A series of lower highs and lower lows are forming. Am expecting the price to pull back to the 38.2% or 50% fibo levels (entry for shorts)
4. Stoch is currently showing an oversold situation, am expecting some retracement to the trendline/ema21 before going further downside.
5. Bearish is still in control based on weekly, daily and h4 TF. Don't go for any buy now.
Trade safe all ;)
Reasons to enter:
1. EMA 21 and 50 just crossed over, and am expecting further downside.
2. Price was rejected at both 21 and 50 ema beautifully.
3. A series of lower highs and lower lows are forming. Am expecting the price to pull back to the 38.2% or 50% fibo levels (entry for shorts)
4. Stoch is currently showing an oversold situation, am expecting some retracement to the trendline/ema21 before going further downside.
5. Bearish is still in control based on weekly, daily and h4 TF. Don't go for any buy now.
Trade safe all ;)
Trade active:
+90 pips on my sell limit and +50 pips on my entry at 38.2%. Down GU, down!
Trade closed: stop reached:
Trade became invalid, SL was hit. About -160 pips