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myoogundimu
Aug 19, 2019 6:49 AM

GbpUsd Aug. 18th Short

GBP/USDOANDA

Description

1) Double top on the 4hr/1hr TF
2) LTF bearish transitions in our 4hr zone
3) 1m momentum trendline break & LTF Head & Shoulders

Comment

So with this trade, it was more successful than GJ but with that huge pullback it lowkey freaked me out and that was because i thought my trade was some type of false breakout but instead it might be just a steep pullback in order to get that 1hr/4hr transition so after breaking that sup. it needed to pullback to retest the broken sup. as a new resistance, in hopes that we would get our follow thru to create that next LL leg.
But.. on this trade, had I been more aware and prepared I could've been aware of a pullback and seen the opportunity for another reentry especially since it pulled back to the 1hr 78.6 PRZ
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