Executed long for past hours (like 9hrs maybe). might go short after hit back the resistance that I've used by using pitchfork. assuming long will rally till 1.16956 (using fibo 61.8) then if it passes through well see in few more hours a bearish movement starts to concur the trend . all the best traders :)
Just sharing my thought based on weekly time frame and daily time frame
This is my first time sharing thought on GBPUSD pair, just a rough study on short opportunity, seem like it still on major down trend as drawn on chart and major support line (dotted line) to be continuation of bearish movement., sell based on shown, also with SL (stop loss/cut loss) & TP (Take Profit) based on Daily Timeframe. Remember to risk you capital and...
I was bit greedy on past entry (23hrs maybe) so I end up holding up -ve number . but on every shared idea I concluded it still valid to go short if the trend breaks through yellow line. all the best trades ^^
Following ADX (Blue) and -DMI (Red) with the breakout out of previous of lower low.
"Short/Sell" based on -DMI , indicates to upward movement, those hold on going short/sell since yesterday there is shine. take exit at level 40 on -DMI