This is a EURGBP
short I am looking at. The daily broke out of a bear flag
with two strong bearish
days, then printed an inside candle on the daily which shows on the H4 as a pullback to the 8ema. Prices on the daily haven't yet reached the lower band so I am in favour of going short on the break of the H4 pullback trandline, as apposed to waiting for the daily to make a pullback to the green resistance which I have also plotted on the charts. TP is a measured move objective of the last impulsive move down which takes us nicely to some weekly support.