mulchen

GBPUSD - Potential pullback for short !!!

Short
FX:GBPUSD   British Pound / U.S. Dollar
Hello everyone, if you like the idea, do not forget to support with a like and follow.

The following confluences have been observed and satisfied with the direction of market. Our trading plan is to bid at better price and hoping the market pick up our bid and move further with trend.


1. (D1)(Y)(MUST) AutoClimate confirmed (Curr:14 / Std:4.94)
2. (H1/H4)(Y)(MUST) UFO is not within whitespace
3. (M55)(Y)(MUST) UFO area is not DBR or RBD
4. (M55)(Y)(MUST) EMA200/100/55 should align with EMA9 Daily
5. (M55)(Y)(MUST) EMA9 Daily inside UFO area



D1/M55
GBPUSD SELL @ 1.38819
SL 1.39017 (19.8)
TP 1.38403 (41.6)
CANCEL WHEN D1 autoclimate reset counting
CANCEL WHEN EMA200 & EMA9-daily has exceeded too wide with UFO



Disclaimer Notice !!!
The plan that shared here are not 100% confirm winning trade. There is no such thing as "always win" strategy. There will be a time we will face losing in rows. We are not pursuing high winning rate here. With good money management, we can be consistent profit in the long run.
Any trades you decide to take are your own. The trades shared here are for educational/informational purposes only and are Mulchen's personal trades.



Good luck!
~Mulchen, CISSP
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.