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fluxchart
Jan 18, 2024 5:27 AM

SHORTING $GBPUSD (4 Reasons) Short

FX:GBPUSD60
British Pound/U.S. DollarFXCM

Description

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Opening up a short position on FX:GBPUSD for the following reasons.

  • Recently had a bearish CHoCH+ which indicates a strong market trend shift. This is my trigger to look for short opportunities in the market
  • Rejected PDH (Previous Day High)
  • VWAP Divergence line is RED and price is below the VWAP
  • Great RR with this trade


Entry: 1.26811

Take Profit: 1.25965

Stop Loss: 1.26964

Comment

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Stop loss hit
Trend AnalysisTechnical IndicatorsGBPUSDgbpshortshortsetupForexforexsignalsContains IO script
Comments
josh_bayo
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SL hit, maybe too tight
fluxchart
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@josh_bayo, Yep. All part of trading. PDH still holding nicely. Maybe another entry opportunity will arise.
fdanger89
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bro hi. how i can use sfx algo indicator. tanx
TheFxAce
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Your short perspective offers a balanced view of the current scenario.
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