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elvincarigma
Apr 21, 2018 5:55 PM

GBPUSD, H4 Long

British Pound/U.S. DollarFXCM

Description

I have a bearish bias with the market since the price broke the trendline and the and the candle is below MA 55 and 200. However, I'm expecting that the market will pull back to retest the trendlines and the resistance zone before going down and will attempt to break support zone 1. My buy entry would be @ 1.4000 when the price bounces back from the support zone and my sell entry would be @ 1.3960 when the price break the support zone 1 and TP @ 1.3916 before it touches support zone 2.
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