amanpaulbhogal
Short

Inside bar set up on GBP/USD

FX:GBPUSD   British Pound/U.S. Dollar
Rationale for taking a short trade on GBP/USD            

- down trend (lower highs and lower lows)
- price pulled back into a previous level at 1.5500 and 200 ema , and closed below both thus encountering resistance
- an inside bar formed just below this level of resistance
- in its pull back, price also found trend line resistance (4th retest) and closed below
- oscillator hidden/trend continuation divergence

entry - below low of inside bar
stop loss - above high of mother bar
target - at or below previous low
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out