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DrSwing_Forex

GBPUSD (1Hour): Break and re-test setup✔

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
DrSwing_Forex  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Trend Lines Support and Resistance
4
0
trendanalysis trendline supportandresistance
Reward:336 pips 🤑
Risk:34 ❌
Risk/Reward Ratio:10.1✅

Chart Breakdown
  • Daily Timeframe
    Uptrend in place
    3rd touch of downward trendline

  • 4Hour Timeframe
    Uptrend in place
    3rd touch buy setup on uptrend trendline

  • 1Hour Timeframe
    Downtrend in place
    In order to trade with the trend, I'm anticipating price to retest the broken upward
    trendline in order to give us a bearish setup that's in line with the trend.

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DR.Swing_Forex
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