PriceActionTrading
Short

$GBPUSD 3 BAR SELL SIGNAL

FX:GBPUSD   British Pound/U.S. Dollar
192 1 4
GBPUSD             FORMED A INSIDE BAR PIN BAR ON THE D1.
1ST DAY : HANGING MAN
2ND DAY : BEARISH ENGULFING INSIDE BAR
3RD DAY : PIN BAR CLOSING BELOW 50% OF ITS DAILY RANGE, STILL INSIDE THE MOTHER BAR.

PATTERN ALSO FORMED ON BEARISH TRENDLINE AND REJECTED FROM 1.5000.

DOWNSIDE BREAK OF THE MOTHER BAR WILL END THE CURRENT SHORT TERM CONSOLIDATION AND CONTINUE THE BEARISH TREND .

SELL @ THE MIDDLE OF THE 3 BAR OR
FOR MORE CONSERVATIVE TRADER SELL AT BREAK OF MOTHER BAR.
STOP AT THE TOPSIDE OF THE MOTHER BAR.
REACHING TP1 : KEEP A LOOKOUT.
UPON TP 1:
-MOVE SL TO B/E
-LOOK FOR RE-ENTRY UPON STRENGTH.

TRADE IDEA WILL BE POSTED IF OPPORTUNITY ARISES.
HAPPY PIPPING
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