GBPUSD Structure Re-Test Short

FX:GBPUSD   British Pound / U.S. Dollar

Here we have an intraday short idea based upon the third test of a descending trend line . The trend line is also part of a descending channel which has been respected multiple times as well. We can see a wick testing the trend line , then moving into a doji candle, showing the upward pushes momentum being tarnished. I believe this was strong enough confirmation to enter a short, with stops behind the top of the channel and targets at a re-test of the channels bottom trend line .


Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out