SHORT ENTRY WHEN:
1.) Break&Retest under the Resistence
2.) Then a Lower high and a lower low on the 15Min Chart
3.)Then a bearish candle stick pattern
4.) EMA Crossover 5&15Min
5.) If possible a close in 4H under the resistence
Indication to drop down further:
We are in a downtrend on the Daily and Weekly Chart
I think that this was just a little ass Uptrend, that could not take out the big toilet flush before what we are seeing on the Daily since 11th june.
1.) Break&Retest under the Resistence
2.) Then a Lower high and a lower low on the 15Min Chart
3.)Then a bearish candle stick pattern
4.) EMA Crossover 5&15Min
5.) If possible a close in 4H under the resistence
Indication to drop down further:
We are in a downtrend on the Daily and Weekly Chart
I think that this was just a little ass Uptrend, that could not take out the big toilet flush before what we are seeing on the Daily since 11th june.
Note
I am concerned about the trade because GBPUSD cannot go further down FOR ME and i am always watching for correlation. I could be right about the direction this time but wrong about the entry. Guys if you already got in of this idea please make the trade break even.DONT FORGET TO PUT THE STOP LOSS AT 0.73600 IF YOU DONT WANT TO MAKE BREAKEVEN !!!!!!!!!!!!!!! I forgot to mention that SORRY!
Note
I know we got in on the 15Min Timeframe but the Trade is a middle-term-trade, so the SL is placed a little bit higher than the last lower high on 4H Chart.
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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.