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pecpec
May 1, 2018 4:48 PM

SHORT GBPUSD Short

FX:GBPUSD60
British Pound/U.S. DollarFXCM

Description

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Pros
  • Channel-break.
  • Double top confirmed.
  • The dollar is strengthening.

Cons
  • Countertrend.

Strategy
  • I'm gonna try to sell on pullback.
  • I think the double top projection is too agressive. That's because i put it on 38/50% zone.
  • The stop is above the support zone and channel uptrend.
  • The divergence on hourly timeframe can cause a pullback to enter short.

Order cancelled

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Support and ResistanceDouble Top or BottomGBPUSDLONGDouble Topchannel-break
Comments
pecpec
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I'm waiting for a pullback to the broken uptrend of the channel + resistence level, close to 38.2 of the last bearish impulse.

TomKirk
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Nice, would like that pullback
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