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MarcusRump
Jan 31, 2022 6:54 PM

GBPUSD Short

British Pound / U.S. DollarFOREX.com

Description

Up to major resistance.

Waiting for closure and confirmations before entry.

Price reaction from here and potentially a break of structure on the lower time frames can validate entry. The 30-minute candle stick is very key here for me.


Must be aware that the 4 hourly last two candlesticks suggest pressure to the upside.

Comment

No entry on this as yet
Comments
Blade6271
This would be a better trade if it was taken after either bullish or bearish momentum was shown i.e. break and retest or rejection of the resistance. Likely hood of this one playing out with a stop loss below 1.34690 is not very high.
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