tntsunrise
Short

GBP is good to short the pull back

FX:GBPUSD   British Pound/U.S. Dollar
GBP is good to short the pull back
Reason:
1. 0.618 LEVEL
2. 1.618 EXT
3. Previous Structure
4. RSI over bought
Comment: 1.4650 is the previous neck line.
so i added another short position
Comment:
snapshot
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snapshot
Comment: all the way come down.
dun be scarred!
Comment:
snapshot

are you still in?
Comment: WATER FALL!
1.4512 NOW
+140 PIPS
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snapshot

I will use this BAT as a TP point
Comment:
snapshot
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are you still with me? short gbp?
Comment:
snapshot

Retested trend line.
short again
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snapshot
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two pin bar in 1h
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SL 1.4675 , if price broke that level.
exit .
Trade closed: stop reached: SL 1.4675 HIT exit
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Hello, Jack. Will you make a new analysis on this pair?
Reply
Looks like it experiencing a rejection above the .786.. a sell stop at 1.467 would be too risky?
Reply
Gbprider IAmAgainst
did u see any reversal candle to short ?trend is bullish now
Reply
IAmAgainst Gbprider
It looked like one when I wrote the comment..
Reply
Hahaha my stop loss has been hit, ok maybe next trade will be profitable.
+1 Reply
great thx!
Reply
Could it be that it's forming a cup with handle..?
Reply
tntsunrise TOP IAmAgainst
well. i dont really see a cup with handle, coz that pattern normally comes after a hudge down trend
Reply
IAmAgainst tntsunrise
Yes, and it's more of a day chart figure rather than hourly but didn't know if it applies when not following a down move.. thanks. I'm not trading this anyway, not untill I see something that shows a clear direction..
Reply
ok I reshorted 1.4683, I follow you also shorting the USD to JPY. If you change your mind tell us to adjust our trades, thank you
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