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avionnieah
Oct 10, 2021 10:05 PM

Swing Set Up GBPUSD Short Short

GBP/USDOANDA

Description

Looking to enter once breaks breaks and retests the 1.36 psych level to the downside

Confluences
1. Equal highs on higher time frame (4hr)
2. Price currently trading in 61.8% retracement zone for higher time frames
3. Bearish Trendline
4. Price is trading below the 200 and 50 EMAs on daily chart

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Comment

Price continued higher Sunday and pre-London today
London session opened with a bearish engulfing candle on the 1hr chart
I entered @1.3655
Comments
avionnieah
Currently in floating profit 50 pips
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