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PipskeetFX

GBPUSD Hanging Man, Looking For Short

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
PipskeetFX Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Chart Patterns Trend Analysis Technical Indicators GBPUSD 4hr short SELL priceaction price action PA Hanging Man
10
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chartpattern trendanalysis indicator gbpusd 4hr short sell priceaction price action pa hangingman
A hammer candle just formed on the 4Hr chart. Looking to go short with SL above previous swing high and TP around 61.8% retracement.
Trade active:
Entered short at current price with SL at 1.29300 and TP 1.27600
Comment:
Seems a good short from here considering it has neared the upper trendline. Trade with care.
snapshot
Trade closed: stop reached:
The up move invalidated the short trade. Price broke through the trendline.
snapshot
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