infbp22

GBPUSD: Live trading update

Corto
infbp22 Actualizado   
OANDA:GBPUSD   Libra esterlina/Dólar estadounidense
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!
Comentarios:
Tricky tricky. Is it in yet (thats what she said)
Comentarios:
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