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btwright16
Jul 14, 2020 7:38 PM

GBPUSD SHORT POSSIBILITY 

GBP/USDOANDA

Description

4HR trendline broken and retested before flush to the downside. Large Daily engulfing candle from yesterday showing us shift in momentum from bullish to bearish. Waiting for a retest of the 4hr zone as support signalling a short opportunity with max target of 1.24000. Wait for clear retest and rejection before entry.

RR 1:3 with stop loss shown.
Second stop loss added for those who would like to allow more room.
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