iNarada

GBPUSD Short

Short
iNarada Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Depending on the market and your pip diet, I don't see why you cannot achieve 20-40pips. I believe that a HaS has been formed, we did get out 50% back twice from the large bullish candle due to news. I see the trendline being broken. Keeping an eye out on the bullish engulfing.
Trade closed: target reached:
Strong trendline broken and bullish engulfing zone has been reached. Now will price respect the zone and buy? What about the trendline?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.