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Technician
Jul 13, 2015 9:31 PM

(J) Trade 17 : Short term Bearish Setup #forex Short

British Pound/U.S. DollarFXCM

Description

Update: Stopped out
Balance = 28 927 - 630 = $28 297
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Trade 17: Pending Short GBPUSD @1.5530
Trade Status: Pending
S.L @ 1.5635
T1 1.5410
T2 1.5210

Balance = $28 927 Position size = 0.6 lot ~ 2% risk of capital
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Reasoning
  • 50-days SMA and Short term trend line could imply short term downside pressures
  • Pin Bar
  • Short term overbought Stochastic
  • Short term trend is down (lower lows and lower highs)


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Technician
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Comments
Technician
Thanks Mates.
mac_abra
Don´t paid attention to bad comments.
Please keep posting. I am sure that at the overall we will prevail.

NQunlocked
Dude, bad comments? I am a fan of Technician, that is called a light hearted positive joke towards a friend

ClearEdgeFX
I don't think he was referring to you but the trolls in general who have been polluting the Technician's channel.
NQunlocked
Yeah, sorry mac_abra. But you are right, best thing to do is to ignore these haters. Let them be an added value to this community like Technician is before uttering childish meaningless destructive feedback. Keep up Technician! Love your idea's!
LucyW
Well said.
PriceActionTrading
Very nice, saw that pin bar last night too. But im looking to enter long near your TP1.
All the best tech.
FSCM87
SL Hit
kmk.msp
mine SL hit too but reentered @ 1.56, see bearish pin bar in 4 hr TF
Kenyanpiper
nice setup, but i prefer to wait to short at 1.5700, key resistance and fibo level around this price.
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