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Quirinus
Dec 9, 2020 1:09 PM

GBPUSD Short? Short

British Pound/U.S. DollarFXCM

Description

Hidden bearish divergence on GBPUSD
Filling imbalance
4hourly formed a lower low too
Resistance at 1.34630(Approx)
Many candle of wicks at resistance on 15 min and 30mins show weakening in bullish candlestick pattern

Not really good at identifying divergence but it seems like it to me would love to hear your opinion on this and the trade in general

Comment

If you had taken this trade, we have hit 1:1 RR , you can proceed to move it to BE or hold it till it is 1:2 before shifting to BE (which is what i will be doing )

Comment

I will be setting my trade to BE when GBPUSD price hits 1.34

Comment

1:3.5 done

Comment

trade is at Breakeven and i have taken partials profit at 1:3.5

Comment

target hit :)
Comments
InkyGrip
+++ Great technical set up 🦐+++
Quirinus
@plancton0618, Thanks!
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