MattFx_

MattFx_

*Price broke higher structure of the channel and is now respecting the new channel low. *Ema's in bullish position. *Rsi crossover of the red signal line on the TDI indicator above the yellow liquid 50. *very small engulfing candle formation off the 21 ema. ( would prefer this to be larger and preferably piercing up through the 8 ema ).

MattFx_

Technical analysis giving me this short idea. Price breaks lower structure and retests then forms a bearish engulfing candle giving me the entry. confirmations are the ema's are in perfect bearish position, Rsi pulling nicely away from signal line on TdI all under the liquid 50 and the liquid 50 is in bear zone on HT.

MattFx_

GbpUsd H4 Short idea with 2R risk. I've given the stop more breathing room due to higher TF, would usually consider above the engulfing formation. Structure may be in fact be forming a bullish flag so be carefeul however direct technical analysis is telling me price should continue down without much of an upward push. Not great R/R however the plan would be to...