Sterling is likely to weaken against the dollar at least in
short term
gbpusd formed a bearish gartley
the bearish channel at the end of the trend
confirmate the possibility for price
to fall
price already pullbacked to it
and the channel resisted well
forming a bearish pinbar and then
engulfing it (two last 4h candles)
respect your money management
gbpusd formed a bearish gartley
the bearish channel at the end of the trend
confirmate the possibility for price
to fall
price already pullbacked to it
and the channel resisted well
forming a bearish pinbar and then
engulfing it (two last 4h candles)
respect your money management
Comment:
Comment:
otherwise the best opportunity to short will be at the retest of the body of inside bar. because it increase a lot the R R ratio
usually using price action, price always come back to retest the body of the candle (it happen with pinbar, inside bar , bearish/bullish engulfing, etc)
usually using price action, price always come back to retest the body of the candle (it happen with pinbar, inside bar , bearish/bullish engulfing, etc)
Trade active:
Trade closed: stop reached