FX:GBPUSD   British Pound / U.S. Dollar
Short trade opened on FX:GBPUSD .

- Trendline
Upward trend line has broken. Price is now stalling around a previous daily demand zone .

- Pin bar
Price has printed a 4hr pin bar suggesting a potential reversal.

- Bearish Flag
Bearish flag pattern on the 4hr suggesting a short continuation.

The 1hr is still bullish so entry could be really early here but the 4hr pin bar is a strong enough signal for me.


I would not say it's wise opening a position when the pattern (bearish flag) is yet to be confirmed with a break to the downside. However price has made 3 consecutive lower highs so it may. Good luck
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