A pin bar has appeared that is confluent with resistance and a downward trendline on the GBPUSD 4Hr time frame. It is large and gives good signal. I believe that there is high probability that price will go south. So, this gives an opportunity to go short.
Set pending order at the break of the low of the pin bar and stop loss just some pips above the high of the pin bar. Please, use good risk management and position sizing.
Set pending order at the break of the low of the pin bar and stop loss just some pips above the high of the pin bar. Please, use good risk management and position sizing.