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Germaine_Mills
Dec 31, 2018 9:38 AM

GBPUSD Long After Short Fakeout on H1 Long

British Pound/U.S. DollarFXCM

Description

So dusting off the old charts here.

My Script is for entry predictions.

After the H1 candles called a short twice i went down to the M30 which put in a shooting star . So i took my loses and went long 2 micros. This is the first time I've traded since early to mid summer.

Went down to the M15 and got a buy signal.

Went down to the M5 for closer monitoring. See flag forming.

Confirm Bullish Pennant . Measure mask whip out the fibs. Notice Retracement to below bottom of where i considered above the pennant with lowest possible entry. Stack one micro.

Should be a nice ride. Trendline broken and all.

GBPUSD Long After Short Fakeout on H1

Comment

Inverted Hammer** not shooting star.

Trade closed: stop reached

TP above previous daily high was a greedy.

+72 pips
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