A short opportunity with a potential 3:1 risk reward

FX:GBPUSD   British Pound / U.S. Dollar
1552 29 24
Analysis on chart!

Coming up to retest structure for the fourth time, ABCD Pattern completion, Two fib extensions, Overbought on both 1H and 4H Time frames...

Potential risk reward of 3:1 back down to dynamic support...

Any likes, shares and or constructive feedback is welcome!
Nice analysis mate! In daily time frame also we have pin bar at the zone!

Good luck!!
+1 Reply
SmartTradingFX AlexD_Trading
Thank you! We do have a pin bar good spot!
RIP... market breakout sir...
prashantfx agungmahendra
yeah stoploss triggred
Marvin agungmahendra
Or is it? Not yet anyway.
Currently short, Entry was low of bearish engulfing candle.
Marvin SmartTradingFX
on the H1? Good one. I was very lucky. Missed my stop by 2 pips!!
+1 Reply
Yes majority of my trade enrties i take on the 1H... So your still in then?
Marvin SmartTradingFX
No I'm out at the 61.8 retrace of my CD leg
What price did you enter?
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