jojofang0901
Short

GBPUSD SHORT TRADE SETUP

FX_IDC:GBPUSD   BRITISH POUND / U.S. DOLLAR
559 7 38
Hello guys:

GBPUSD             has found resistance around 1.2900 area on the higher time frame. 4 HR             chart formed a rising wedge , then broke down support. Waiting for a lower high to confirmed the daily pullback.

Thank you for your support and feedback.
Comment:
snapshot
Trade active: Date: 05/12/2017

Time: 00:00 GMT
Trade closed: stop reached
@ploskyx3, Nice chart, thanks for sharing your idea.
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Could this trade be active again?
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@BORDOMAVI, Need more confirmation on intraday charts, but I am keeping an eye on this pair for short this week.
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good entry... :)
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@Horin, Thank you, now we will see if the price action will hold the resistance of 1.2900.
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In fact, this chart provides a different perspective of the market. This type of charting idea never passed through my mind. It is always good to keep in touch with professional traders.
Thank you for sharing this chart. Continue your good work.
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