GBPUSD: Live trading update
Hello all,
If you saw my previous chart on GBPUSD, you would know that I am in an active short since the orange line. Here's a quick look into what I'm observing while the trade is active. On the 4hr time frame, we have developed a channel. The current candlestick is a particularly important one:
If we close this candle within the channel, and form a "hammer" style candlestick, it is likely we will see a reversal and push toward the top of the channel again. If the hammer forms, I will close my short temporarily.
However, If we close outside the channel, the candlestick will be much more bearish. It will be the third red candle, creating a three black crows pattern which is very bearish. If this occurs, the short will remain active.
Happy trading!
If you saw my previous chart on GBPUSD, you would know that I am in an active short since the orange line. Here's a quick look into what I'm observing while the trade is active. On the 4hr time frame, we have developed a channel. The current candlestick is a particularly important one:
If we close this candle within the channel, and form a "hammer" style candlestick, it is likely we will see a reversal and push toward the top of the channel again. If the hammer forms, I will close my short temporarily.
However, If we close outside the channel, the candlestick will be much more bearish. It will be the third red candle, creating a three black crows pattern which is very bearish. If this occurs, the short will remain active.
Happy trading!
Nota
Tricky tricky. Is it in yet (thats what she said)Nota
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.